Blockbuster passes on the chance to buy Netflix and ends up going bankrupt

Blockbuster passes on the chance to buy Netflix and ends up going bankrupt

  Blockbuster was a retailer of home movie and video game rental services. At its peak back in 2004, the company consisted of approximately 60,000 employees and 9,000 stores that generated revenues of $5.9 billion.   Back in the year 2000 Reed Hastings, the founder of Netflix, approached former Blockbuster CEO John Antioco and asked…

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