In 2000, Netflix approached Blockbuster about purchasing their fledgling company. Blockbuster was brick and mortar, and Netflix would be the online arm of the company taking them into the digital age. The price to buy Netflix at the time was $50 million. Blockbuster laughed at the price, and, as they say, the rest is history.
Today, Netflix is valued at more than $200 billion and there is one lone Blockbuster left in the world.
Most of us have lived the Netflix story: they shipped DVD’s through the mail with no late fees and then later, became the undisputed streaming entertainment champion. It didn’t stop there. They became one of the most awarded studios in the world for the quality of their content and their show, Stranger Things, is arguably the most watched show in the history of the world.