03/10/2026
Blockbuster had the chance to buy Netflix for $50 million.
They said no.
Back in 2000, Netflix was still a small DVD-by-mail company.
Its founders approached Blockbuster with a deal: buy Netflix for around $50 million and let them help build Blockbuster’s online business.
Blockbuster passed.
At the time, it probably seemed logical.
Blockbuster had thousands of stores, millions of customers and dominated movie rentals.
Netflix was tiny.
But the way people watched movies was changing, and Blockbuster was too slow to change with it.
At its peak, Blockbuster had around 9,000 stores worldwide.
By 2010, the company filed for bankruptcy.
Today, only one Blockbuster store remains.
Netflix, meanwhile, became one of the biggest entertainment companies in the world.
A $50 million opportunity that turned into one of the most famous missed opportunities in business history.