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Numbers Don't Lie
Total late fees collected by Blockbuster in 2000
$800 million
Workers employed by Blockbuster in 2004
84,300
Netflix subscribers as of Q4 2024
301.63 million
Cost to rent a new release from Blockbuster for a day in 2011
$2.99
The first DVD ever rented on Netflix was ______.
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The first DVD ever rented on Netflix was “Beetlejuice” (in 1998).
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Blockbuster turned down the chance to buy Netflix for $50 million.
Back when the company was in its infancy, Netflix’s founders offered to sell their DVD-by-mail business to Blockbuster for the princely sum of $50 million. Blockbuster declined, and at the time their reasoning was sound — it was early 2000, their own company was valued at $6 billion, and Netflix was on track to lose $57 million that year alone. Within a decade, their fortunes had completely reversed: Blockbuster filed for bankruptcy in 2010, by which time Netflix had shifted away from its mail-order roots to focus on streaming video. In 2020, the company made close to $25 billion in revenue.
