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Blockbuster Laughed at Netflix—and Now it's Bankrupt | How to Avoid the Same Fate
Manage episode 488094821 series 3482746
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Remember racing to Blockbuster before closing time? That rush to grab the last copy of The Matrix or Forest Gump? Friday night at home in the 90's was transformed into a "Blockbuster Night"!
But then one day everything changed...and now all we do is "Netflix & Chill".
In this nostalgic episode, host Merchon breaks down the downfall of Blockbuster and the rise of Netflix—and reveals the billion-dollar business lessons hiding in plain sight. From DVDs and late fees to digital disruption, this isn’t just a history lesson—it’s a wake-up call for entrepreneurs who think their current model is “too big to fail.”
Major Keys:
Adapt or Perish: Blockbuster's failure to transition timely into digital streaming demonstrates the importance of adapting to technological advancements and changing consumer demands.
Listening to Customer Feedback: Entrepreneurs must focus on reducing friction and enhancing convenience to stay competitive, taking cues from their target audience.
The Power of Nostalgia: There is a strong emotional connection to past experiences, as showcased by the nostalgic fondness for Blockbuster, which modern businesses can level
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