The $50 Million Laugh That Cost $250 Billion: How Blockbuster's CEO Dismissed Netflix â Then Watched His Empire Collapse From a Strip Mall in Dallas
In 2000, Reed Hastings flew to Dallas to sell Netflix to Blockbuster for $50 million. The CEO nearly laughed him out of the room. By 2010, Blockbuster was bankrupt. Today, Netflix is worth $250 billion. This is the story of the meeting that changed everything â and the late fee addiction that killed a giant.