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A user narrated the story of how Netflix positioned itself in the market and how Blockbuster ended up in ruin.
Originally, Netflix tried to sell its property to Blockbuster for a million dollar amount, but the offer was rejected.
Netflix has become the most used streaming platform in the world, although this could change in the coming years.
Netflix is a company that came from the bottomjust when Blockbuster was positioned as one of the most important rental business chains in the world; this user recreated the main anecdote from a funny sketch.
The history of Netflix goes back to the year 2000because three years after being founded, the company Hastings and Randolph was dedicated to mailing DVD movies.
Although little by little it added new users, the company accumulated large losses. In a desperate attempt to cover this fact, the founders sought to sell Netflix to Blockbuster. However, the CEO of the large DVD rental company, John Antioco, declined the offer of 50 million dollars.
Despite what seemed like an excellent decision, over the years time gave Netflix a fair reward and a heavy blow to the rental company, because if we had made another decision, we probably wouldn’t know about the streaming service today. Or maybe it wouldn’t be as present as it is now.
After a few difficult years, Blockbuster went bankrupt and Netflix positioned itself in the market. From that moment on, the company began to position itself as the king of streaming, reaping success after success. However, the competition has been stiff and in recent years rivals such as Disney+, HBO Max and Amazon Prime Video they have managed to monopolize a certain sector of the market that once belonged to the big N. In addition to this, the company lost subscribers for the first time in 10 years.
Contrary to the data provided, Netflix is still the king, although it is clear that it will have to be renewed or it will be destined to repeat the history of Blockbuster.
Funny sketch tells the story of Netflix and the end of Blockbuster
A TikTok user He shared a funny sketch with which he tried to replicate the story of how Netflix managed to get out of bankruptcy and how Blockbuster ended up surrendering to the company that could once have belonged to him.
In the parody, the user personifies both companies and replicates the facts in a similar way to what many of us could have imagined.
The reception of the video has been quite positive, since to date it has more than 240,000 “likes” and more than one million views.
This is the video showing the history of Netflix and the end of Blockbuster:
@muniz_221b #Netflix #resume #history #series ♬ original sound – Muñiz
What stands out the most from the comments and video content is how companies often create and launch documentary titles about some event that has affected the history of the television and film industry, highlighting the fact that, according to what is told , Netflix would be developing a movie about Blockbuster, the chain that one day looked down on it.
What did you think of the user’s video? Did you already know this story?
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