Yea so now i cant watch on my phone during work breaks? Or if i go see my friend in another state? shyts already too expensive for the content they have anyways.how does this work if you traveling and/or gotta vpn
The people at the top will, but the employees that work for the company won't. This reminds me of blockbuster they had all this money coming in and they had an opportunity to buy Netflix, and the powers that be said, "We are Blockbuster we are set, and besides no one streams" and now... well you know the story.
It was Redbox I believe that they actually had the option to buy, and said no. When they had the resources. in 2000 Netflix was a 1 year old company, and offered Blockbuster a chance to buy them for only 50 Million they could have gotten in on streaming but they refused, and then the boom hit with redbox and they could no longer compete to that level. Today there is only 1 Blockbuster left, and that's in Oregon. To go from a mega giant to a local mom and pop-> A true rise and fall of a giant.But that’s not what happened with blockbuster. They were saddled with debt and not equip to make the investment in streaming.
It was Redbox I believe that they actually had the option to buy, and said no. When they had the resources. in 2000 Netflix was a 1 year old company, and offered Blockbuster a chance to buy them for only 50 Million they could have gotten in on streaming but they refused, and then the boom hit with redbox and they could no longer compete to that level. Today there is only 1 Blockbuster left, and that's in Oregon. To go from a mega giant to a local mom and pop-> A true rise and fall of a giant.
Debt did get to them, but not until 2008 where they had to declare bankruptcy. they had a seven year gap where they were still walking as the top in video entertainment. What killed them beyond anything else was the market crashing in 2008, but the 7 years before that, I cannot give them a pass. In Hindsight they should have refinanced their debt, and they would have been ok.It was Netflix, but again, they were debt ridden. If they made that purchase, they wouldn’t have been able to afford to grow it into the Netflix we know today. Some other startup would’ve seized the moment flush with VC backing and no debt. It wasn’t a matter of blockbuster being unable to see the value in streaming. Poor business practices left them ill-equipped to capitalize on the impending market shift.
They (bb) just refused to adapt and see change coming
On top of that they raised prices.This is what Netflix is doing. They're literally repeating the failed strategy of cable companies. Constantly nickel and diming as if there's no competition. They're already the most expensive and have a future of focusing on tween movies and reality TV shows. They got one more year to produce something worthwhile for the cost for me.