Summer Evans’ Post

Do you remember Blockbuster? That Friday night staple with the blue and yellow logo? They were the undisputed KING of home entertainment... until they weren't. The Blockbuster story is a cautionary tale about ignoring your own strengths and missing the massive shifts happening around you.  They had a: - Loyal customer base. - Huge physical footprint. - Brand name everyone knew. But they got too comfortable. Instead of embracing new technologies like streaming, they clung to their late-fee revenue model. While Netflix was mailing DVDs (remember that?), Blockbuster scoffed. We all know how that ended. The lesson here is that even a giant can fall if it stops: - Evolving. - Listening to its customers. - Looking to the future. The more successful you are today, the more cautious you should be about complacency setting in. What other brands come to mind that have missed the mark?

Why did Blockbuster, the late-90s titan of home cinema, fall from the top to bankruptcy? 🤷♀️ Because they didn't adapt to the market. They got too comfortable at the top and stopped innovating 🤦♀️ Blockbuster had the chance to buy Netflix and turned it down believing video rentals would remain the primary way of watching movies at home. Netflix saw the future in streaming. 📈 Through the 2000s Netflix's model saw them soar as a company while Blockbuster's profits dropped 📉 . In 2014 Blockbuster ended up going into administration. Always keep innovating if you want to stay on top 👑. #innovate #business #blockbuster #netflix

We have just uploaded our weekly video about the story of Netflix and Blockbuster. Do let us know what you think. #netflix #blockbuster

Did you know blockbuster video could have had a controlling interest in a fledgling Netflix back in 2000? But they wouldn’t invest     At the time Netflix were posting DVD’s to customers homes and struggling to survive. But they had a vision of what they could become and desperately needed investment.   They arranged a meeting with blockbuster, who were vaguely interested in their ideas, and asked how much to buy in. Netflix said $50 million and were nearly laughed out of the room.   It sounds cheap now that we know Netflix has a turnover of around $30 billion. But this $50 million was a big investment at the time – and they were not willing to pay it.   Blockbuster decided they would be fine – everyone would always rent movies – and the rest is history.   Investment is an interesting word. Its what we talk about in coaching – not cost. Because this is an investment in yourself, in your development, in your future.   What happens if you don’t invest?   Video killed the radio star (earworm alert!) - DVD improved on video  - streaming killed DVD  - something will take down streaming!   If you are happy to stay the same and watch the world pass you by , don’t worry – Blockbuster still exists, There is a single store in Oregan. It’s a museum piece now!   So are you blockbuster or Netflix?   Give me some of your best video stories! Do you remember having to rewind the tapes before returning them – I’m showing my age here now!   #netflix #netflixandchill #blockbuster #vhs #dvd

https://lnkd.in/eT7GDVkZ Evolve or die. Are you willing to cannibalize your product for future growth? Blockbuster had the opportunity to buy Netflix in the early 2000s but laughed the Netflix team out of the room. You know how that story ended. On the other hand, Netflix moved away from mailing DVDs even though they had invested much in the process because their eyes were on the future and not the present. Let's keep growing and make it a GREAT week! #futurefocus #evolve #strategy #growth #mindset

Blockbuster's Digital Oversight........ Blockbuster, a giant in video rental, missed the digital streaming revolution led by Netflix. 🎥 This story isn't just about failing to adapt; it's a lesson in foresight and embracing change. What strategies could Blockbuster have implemented to keep up with evolving consumer preferences? Explore how staying attuned to digital trends is crucial for modern branding. #blockbusterlesson #digitaltrends #contentbranding #contentwritingservices #nikasioservices   https://oia.bio/nikasio https://lnkd.in/dh_H9PnW https://oia.bio/usd

Are you a BLOCKBUSTER? 🤔 If you're old enough to recognize this brand, you're also aware of its fatal mistakes. 😭 Who could have imagined that this behemoth of the home entertainment industry would completely miss all the signs? Did you know they had the option to buy Netflix in 2000 for only $50 million? 😲 In your business, do you pay attention to the changes, shifts and disruptions happening in your industry? Don't be a BLOCKBUSTER ❌ ✅ Learn ✅ Adapt ✅ Thrive #blockbuster #crashingsuccess #brandsnbrawn

In 2000, Netflix’s founders approached Blockbuster. They were ready to sell Netflix for $50 million. → Blockbuster executives laughed at them. → Today, only one Blockbuster remains. → Today, Netflix is worth $269 billion. 𝗧𝗵𝗮𝘁'𝘀 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝗳 𝟱𝟯𝟳,𝟵𝟬𝟬% → I isolated the exact factor that made Netflix billions → And cost Blockbuster their empire. → In one killer article: "𝗛𝗼𝘄 𝗬𝗼𝘂𝗿 𝗕𝗿𝗮𝗻𝗱 𝗖𝗮𝗻 𝗘𝘅𝗽𝗹𝗼𝗱𝗲 𝗨𝘀𝗶𝗻𝗴 𝗡𝗲𝘁𝗳𝗹𝗶𝘅’𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆" https://lnkd.in/eMpyrzCV P.S. Please REPOST ♻️ this and share it with others who can use this.

In business, are you playing to win... or are you playing to keep playing? Back in 1985, Blockbuster was the go-to place for renting movies. By 2000, Netflix proposed a $50M partnership, but Blockbuster laughed them out of the room. Fast forward to 2010, Blockbuster went bankrupt, while Netflix is now worth $260 billion. What went wrong? Blockbuster played an infinite game with a finite mindset, focusing on beating the competition and short-term targets. They ignored future changes and were winning by their own rules. Netflix, however, played the infinite game, continuously innovating from DVDs by mail to streaming and original content. In business, there are no winners or losers, only players who keep playing. #gabrielezirpoli #business #leadership