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/biz/ - Business & Finance

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[ERROR] No.30165526 [Reply] [Original]

You are tasked with going back to the year 1999 and making the correct business endeavors to save the future of Blockbuster. How do you do it?

>> No.30165564

>>30165526
unironically copy netflix and invest in digital film early. easy as that.

>> No.30165582

>>30165526
Make it a Netflix before netflix

>> No.30165608

>>30165564
>>30165582
Thread

>> No.30165619

>>30165526
Ayo blockbuster, no time to explain just buy google and apple shares. Source trust me

>> No.30165965
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>>30165526
>go back to the year 1999 and save Blockbuster
WTF are you talking about? It's 1997 and Blockbuster is killing it. I just rented Dante's Peak last night.

>> No.30166015
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>Alright Anon, it’s Friday night so me and your father are taking you to Blockbuster! You can rent 1 movie and 1 game.

What do you choose anon?

>> No.30166072

They literally turned down an M&A offer from Netflix. The answer is they buy Netflix.

>> No.30166100

>>30166015
Goldeneye on 64

>> No.30166202

Partner with Enron to try and figure out a way for people to watch these movies at home over broadband

>> No.30166247
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>>30165526
Go digital.
Blockbuster is the Peter Schiff of video rentals. Utterly BTFO by the future.

>> No.30166319

Netflix approached blockbuster to see if they wanted to buy them out for like 100 million and blockbuster laughinggirls.jpg in their face. Whose laughing now?

>> No.30166422

>>30165564
They had the opportunity to buy netflix

>> No.30166434

>>30165526
I worked in a Blockbuster subsidiary in 2000/2001. This was in Ireland. It was a recent acquisition. They were still buying MORE bricks and mortar video stores in 2001.

Other than the obvious "buy Netflix" approach, what they should've been doing the whole time was engaging with studios to influence content. They always seemed to be happy to be the ugly sister to box office revenues. What Netflix has got right other than the obvious, is their involvement in curating and creating content. Blockbuster was always way too passive in what ended up on their shelves.

>> No.30166649

Liquidate

>> No.30166665

>>30166434
their content is shit

>> No.30166984

>>30166665
That's a subjective take on it, but objectively you can't argue that it isn't working for them.

My point is that I would've had customers that came in and asked, "what's the new action movie?", and we wouldn't have one. The inventory was very cyclical, bursts of one or another type of content depending mostly on the time passed since summer, Halloween, or Christmas.

A smarter move from Blockbuster would've been to understand their position as a secondary market and encourage studios to produce content to meet a timeline that worked not only for cinemas but for home rental too. Like a very primitive take on the big data approach Netflix takes to content production today.

>> No.30167163

>>30166984
it's not working for them, they're losing subscribers constantly, and they don't give a fuck because they know their reign is done. all of the major studios are entering the market and they will be out of business by the end of the decade. and as I said, they're ok with that

>> No.30167269
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>>30167163
Ahem.

>> No.30167303

>>30165526
Digitize renting. Make titles affordable and individual. Basically inventing NFTs as part of it. Each rental is tokenized and burnt after use. Eventually spread out into other markets with the tech and market. Streaming you are still paying to rent because no one watches most movies more than once. It's the same exact model except online. That's why Netflix which was the same as blockbuster went into it. Nothing is different. They just didn't bother going digital. If they did we would all be Blockbuster and chilling.

>> No.30167323

Tread water for 10 years then buy BTC

>> No.30167340

>>30165965
so comfy

>> No.30167404

>>30166015
Fuck the movie I just want donkey kong country 2

>> No.30167435
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i knew it was over when they started putting empty boxes in the shelves

>> No.30167503

>>30167269
you're thinking like blockbuster back in 2000

>> No.30167593

Daily reminder that Netflix wanted to team up with Blockbuster & start an online business presence. Blockbuster said no & another compy helped Netflix make it happen

>> No.30167616

>>30167340
there were so many good movies that came out back then. like 20 something movies I would pay to see in the theater per year. and in the past few years, there hasn't even been 5 movies I wanted to see

>> No.30167876
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>call executive meeting
>gentlemen...
>we have a grave situation on our hands
>shows picture of netflix founders*
>these men will be responsible for streaming of videos
>I ask of you a small 50,000 or so dollars to hire top hitmen to take these people out before they launch their streaming services, shake out their eggheads, make them shareholders of us and a nice "shut up" package, perhaps hire them as a tech team?

>> No.30167941

>>30167503
I don't think so, I do believe Netflix has a legitimate first mover advantage here and there's a bit more of a purity of purpose to what they're trying to achieve. They know they're the home viewing market and they make content to suit this.
Disney+ et al, despite having a huge back catalog, their model is always about box office first.

>> No.30167966

>>30167269
>what is a global pandemic that shut down cinemas
Over the years, I've realized that people who use subjectivity as an argument are retards.

>> No.30168008

>>30165526
Buy Netflix when I had the opportunity

>> No.30168045

>>30165965
>>30167340
Is Dante Speak any good?

>> No.30168143

lol interesting thread but the answer is super obvious like other anons are saying you just buy Netflix because they were begging to be bought out at one point.

>> No.30168159

>>30165526
Invest in a thing called Bitcoin, guys. I now were like a decade before it actually exists and youre too retarded to make your own. So, take it from me, a Xir from 2021 with my genitals cut off. Its going to be great

>> No.30168190

>>30167966
That's objectively an 18 year chart, retard.

>> No.30168214

>>30167941
you're so fucking retarded, people are leaving their platform by the droves for these "non-first movers". and it's easy to know why, look up what content they added last month and this month. it was all garbagetier!

>> No.30168343

>>30166015
Halo CE all day

>> No.30168352

>>30168190
Because in the span of 18 years what gave worth to Netflix wasn't the streaming service but their original content, right? Not like all the actual content that was worthwhile got gobbled up during that time.
Lmao, so oblivious. Then again, retards lack introspection.

>> No.30168363

>>30168045
overall, in my eyes, it aged pretty well

>> No.30168372
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[ERROR]

>>30166015
miss these comfy times bros, when did things go so wrong?

>> No.30168436

>>30166072
this
but the 13 year olds here won't remember

>> No.30168539

>>30168214
>>30168352

ITT I'm retarded because Netflix is 500x from IPO and people are leaving "in droves" for Disney+ or some shit.

What fucking world do you people live in? THEY HAVE ACHIEVED UBIQUITY. THEY'RE NOT GOING ANYWHERE.

All of your studio platforms will always be secondary to the Netflix subscription.

>> No.30168618

>>30167269
Netflix is popular because it was all you can watch movies on a low cost subscription. That subscription has gotten much more expensive, and their original content sucks. The original content is just how they're staying afloat now.

>> No.30168693

>>30168539
I'm done talking to your "deadman walking" ass

>> No.30168694

>>30168539
>thinks that people are swapping one streaming service for another instead of just abandoning tv and movies in general for better and more engaging media
Seeing your train of thought, it's obvious that if you were in charge of Blockbuster in 1999,, you wouldv'e turned down Netflix's offer too lmao

>> No.30168825

>>30165526
Buy 1 million bitcoin

>> No.30168935

>>30168694
My argument is the exact opposite of that, actually. The Netflix sub is the core purchase, and people will add on other subs as they want. It's the other anon that is suggesting that there is a "swap" going on.

You might have a point about an abandonment of TV and Movies for more niche, targeted entertainment but that's a much bigger topic.

>> No.30168945

>>30167404
https://www.youtube.com/watch?v=zK4TWXWEKAQ

the feels...

>> No.30169246

>>30168935
No, you simply you don't get that Netflix and series or tv shows as a whole are becoming forms of outdated media and you swap to muh core sub argument to give some leverage to an argument that's not there.
Just to give you an example, twitch's revenue in 2019 was 1.54 billion. Netflix's was 1.2. In 2020. So muh core sub argument is also wrong lmao
You clearly don't get what's being discussed.

>> No.30169708

>>30169246
Apples and oranges argument from yourself there. If you want to compare Amazon competitors, it would be Prime Video vs Netflix, not Twitch.

Again, I'm not denying there are new emerging ways of consuming content, but if you'll check back, the discussion is about how Blockbuster fucked up and Netflix got it right.

I mean, that's just undeniable. Netflix fucking crushed it. They're the ones calling the shots in the movie/tv streaming market. Will Twitch eclipse that someday? Yeah maybe it will, but it's not the topic.

>> No.30169729

>>30166422
Netflix was a failing DVD by mail company with no solid plan to go the digital movie route, just digital membership. It would have been a shitty buy.


By the time Netflix approached Blockbuster, Blockbuster was already fully vested and partnering with a 70 billion dollar energy technology company to build a broadband network that had the high speed capability to stream movies. This was in 99.


Unfortunately for Blockbuster this 70 billion dollar company was Enron.
Netflix literally got the idea of streaming movies from watching the Enron documentary that talked about this.


Netflix is literally still around because of the PlayStation 2, they wouldn't have survived long enough to even think about streaming if it wasn't for the PS2 causing high rate of adoption for DVDs.

>> No.30170055

>>30166015
TMNT 2 arcade version on NES
No movie needed

>> No.30170294
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[ERROR]

>>30165965
New show out call Stargate. Pretty good. Check it out if you have time

>> No.30170378

>>30165526
shut up loser im not doing your homework to save gme ryan cohen

>> No.30170475

>>30169708
netflix sucks ass, nobody will give a shit about it in 2025, it will die by 2028

>> No.30170479

>>30165526
More stores, bigger stores, longer shelves, more movies.

>> No.30171050

>>30165526
>>30166422
>>30165564
How about save the company AND the millions of employees that worked in their stores.