Small Mistakes That Cost Millions To Fix

Published on October 2, 2019 By Chloe Draws

Blockbuster goes under – $157.3 billion

Before there was Netflix and Amazon, there was Blockbuster. The DVD rental company was big in the 2000s but quickly started going downhill when online streaming services began taking over.

Netflix CEO co-founder Reed Hastings reached out to the company in the hopes of getting acquired. Blockbuster had to shell out just $50 million to own all of its assets but passed. Netflix went on to become a $157 billion business and Blockbuster went bust.