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Blockbuster Laughed

Next time you are upset that you missed a perfect deal, job or stock investment, take heart. At least you aren’t Blockbuster. The failing video rental chain had the opportunity to partner up with industry leader Netflix — and laughed at the deal. The heads of Blockbuster saw Netflix is a small, niche competitor and didn’t think it was worth their time or effort to get involved with the then mail only DVD seller.

The man who presented the possibility to Blockbuster was former Netflix CEO Barry McCarthy. McCarthy is exiting Netflix with $40 million in cash and stocks. Blockbuster filed for bankruptcy. Again.

Source: Blockbuster Laughed at Netflix Partnership Proposal in 2000 | GamePolitics.

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