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Originally Posted by polak
I remember when Blockbuster tried getting rid of late fees but they couldn't pull it off. Besides taking Netflix more seriously, that was the one thing that could have saved them I think.
If Blockbuster bought Netflix or put out something like that around the same time, they'd be quite powerful.
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Blockbuster once had the opportunity to buy Netflix outright as well.
http://www.businessinsider.com/block...netflix-2014-1
Tech More: TV Netflix Blockbuster The New Yorker
Netflix CEO Confesses He Tried To Sell The Company To Blockbuster ... But Blockbuster Wasn't Interested
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The New Yorker's Ken Auletta wrote a profile of Netflix CEO Reed Hastings and revealed that the now-shuttered video chain Blockbuster missed out on a great chance to purchase the fledgling company in 2000.
Netflix CEO Reed Hastings flew out to Dallas that spring to meet with Blockbuster execs, who had 7,700 stores open at the time.
Netflix was losing money, had only 300,000 subscribers and relied on the U.S. postal service to deliver its movies to customers.
Reed wanted to form an alliance. Essentially, Netflix was willing to become Blockbuster's own streaming service. Hastings was going to sell a 49% stake in the company and take on the Blockbuster name ... but they decided to pass on it.
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