Yes! We had an unlimited movie download pass and free monthly rentals because my dad worked at headquarters in Dallas. I am so stoked about this video. Netflix did a documentary but made it seem like they were the ones that put them out of business, but really it was red box that started to dig their grave. Netflix was still mostly a video mail service in 2010 when things got real bad.
I would love for you to consider a video on Airwalk shoes business. I just noticed they’re bringing back some of the original style we all know and love. And it’s currently selling at JCPenney
I just found this channel a couple days ago, and I see alot of potential here! I never knew that there were so many interesting stories about the underground, alt-culture, and skateboard worlds until your videos on World Industries, Big Dog, and others. Please keep going, friend!
@@AlgaeEater09 yes, it is a copy. Doesn't mean he is doing it poorly. I like company man but appreciate having another channel doing the same / highly similar content.
I'm such a sucker for nostalgia so I've watched countless videos on the downfall of blockbuster. It's SO refreshing to see the subject change from Netflix to bad decisions blockbuster made because that's what they did; they made one to many bad choices that ran their company to the ground. Thank you once again Nate for creating great content.
Bro friend!!! I just started the video, but I am super stoked about this one. My dad (step-dad technically but I hate referring to him that way) was the CFO of Blockbuster & was General Council for the company. In other words, he was the last corporate employee to be on BB's payroll back in 2012. I have watched all of your videos so far and I finally subscribed this time. Excited to see what you upload next. So much love to you my friend ❤ -Megan *********Edit********* 1. In all fairness the quote from James is older, like when Netflix mainly mailed DVDs and they did not produce original shows. 2. When Netflix came to BB for purchase it was early 2000s. Like 2003-ish. It was not the Netflix people know today; streaming was not a stream of revenue. They had 0 late fees but you had to wait for your rental to be shipped and you had to mail your movies back before renting more. 3. Blockbuster also tried to compete with redbox which was the biggest competition in 2009-2010. They open kiosk but they 1 kiosk for every 10+ kiosk that redbox had at the time.
They did the "no more late fees" because they were about to go bankrupt and it actually saved them from bankruptcy because they got so many new customers. It obviously wasn't a good idea in the long run.
I think it’s mostly that they failed to understand that streaming a movie is a helluvalot more convenient than having to deal with the physical DVD. Which doesn’t sound like much, but you should never underestimate the average person’s laziness
@@jaqcueslass2824 Yeah man, streaming services spoiled us, and why bother spending 20 bucks on a dvd when you can watch it on the streaming service you already pay for?
It's not just laziness tbf. Without a physical DVD, you don't have to worry about misplacing or damaging it. You also don't have to worry about setting aside time to return it, which might sound like just more laziness but if someone's got a lot going on in their life (work or personal matters), it can be a big deal.
There are so many games I rented from Blockbuster…games I’d never get to play again after they went under. Like, I can buy the game discs online now if I really wanted to, but it’s not the same at this point in time
I watched a more recent video then went into the archives to see what else there was. I like the content but I’m also really glad you got over the up talking. I usually don’t notice that sort of thing but someone pointed it out a few days ago and now I can’t stop noticing it in stuff I watch.
Great job on this one! It would be cool to see a recap at the end of the video going through the present day net worth of each of the key players (kinda like “where are they now”)
I noticed that when Blockbuster Video was still around, they were extremely hated for their late fees. But after they closed their doors, many people like the defuct company because of nostalgia.
I believe there's an alternate universe where several iconic brands that no longer exist or are lingering survived and are bountiful while the current bigger brands are dead or scraping by
I still go to Redbox, it’s $2 a day and Amazon wants $6/7 for 24hrs. I remember Netflix being a huge pain when it was all mailed dvds. I remember signing up for it because it was less than a new release from blockbuster every month. But I mean with the lowest tier subscription I think you could only have one or two disks. Add up all that time your disks spent in the mail and it was hardly worth it
Brings back so many good memories...I miss the feeling of going into a Blockbuster as a little girl and seeing the (at the time) tall shelves FULL of movies ^^
We never went to Blockbuster once when I w a kid. We always rented our movies at a store here in Ohio called Discount Drug Mart. Ironically there was a Blockbuster right next door to the Discount Drug Mart we frequented.
I feel like the company could have been saved if they thought about the future more. But when you are going paycheck to paycheck it's hard to see clearly with the dollars in your eyes.
The change in media from physical (VHS, DVD) to streaming kind of made the fall inevitable. With streaming, you don't need a brick-and-mortar store to house your inventory. Most importantly, your customers don't have to get in the car and drive to your location. They can stay home on the couch.
Bro, I'm so glad you are keeping up with this channel! Your content is amazing. Thank you for all of your hard work to provide us with some top tier entertainment. You awesome my dude.
My most vivid memory of Blockbuster is by far when I rented Sonic Adventure DX. I quickly fell in love with it and when I had to return it I was devastated, so that same year I got the game for Christmas.
You have great content. Some advice for you on public speaking, watch your tonality. You upward inflect all the last words of your sentence. This makes the person/narrator sound unsure or self conscious. Downward inflect your sentences and you will be boss 💪
One of the worst places I’ve ever worked. It was truly amazing to see it all come down. Corporate was DESPERATE for sales of anything and tried to get us to sell so many gimmicks that the customers who already hated us became even more furious. We were a true dumpster fire and I’m so happy that they failed.
@@b4Sed1593 I worked there in high school and for my first two shifts I had to walk around the store all weekend (evening shifts, right before Christmas) carrying an empty ps3 guitar hero bundle display box and was told to sell this very niche $350 item to literally every single person who walked in. Not just to a couple or a group, individually. As in if one person said no, I then had to turn to the next person standing right there who already heard my pitch and try to convince them to buy it. Most people were there for a $.99 movie rental and it was my job to harass them all into buying something they didn’t want or need. I kept getting yelled at throughout the night by the manager for not getting anyone to buy it and berated because I found the whole thing so uncomfortable and embarrassing and she just sat there watching me like a hawk all night ready to humiliate me more than I already was. Constantly being threatened with termination of my employment and I had left a really good job for one at blockbuster bc I didn’t want to work in fast food anymore. It was so much pressure to upsell literally everything and anything and people were sick of it but we still had to be sleazy salesmen bc corporate screwed up everything
Good old memories, we never had the Blockbuster chain here in Austria but a bunch of other video renting places. As a kid my dad and I would always rent two movies for the weekend: a terrible horror movie and one of the Pokemon or Disney movies for me. I still visit my parents on some weekends to watch terrible B-movies together. Also: last video renting place I know of in my area closed down 4 years ago, the owner was a real movie nerd and stoner, dude knew everything about his movies and his recommendations where always on point. I miss it.
I think the early and easily purchase of the vhs/dvds from BB would have raised a generation of collectors for fun, such thing that would have actually competed with Netflix, and also acquiring a streaming model, so they would have kept both type of clients.
I never realized just how many of what everyone considers to be their good years were actually unprofitable. I guess it makes sense if I consider that I had four Blockbusters within driving of distance plus a Hollywood Video at one point and I lived in the suburbs, so that meant a number of large, expensive stores serving a relatively small customer base. Not only that, back they would each typically buy dozens of copies of every new release to guarantee them in stock and there's no way they rented out each copy enough times to come out ahead (especially for the movies that were bombs) before they had to clear most of them out to make room for new ones. In the later years, I would just buy preowned movies from them for slightly more than renting movies cost and never have to worry about returning them.
I think that if blockbuster had better management with better vision they’d have seen the potential of movie streaming as a digital equivalent of renting. If they’d laid the groundwork early for such a service they could very well have become what Netflix is today. They chose to stick with an archaic business model when the landscape was very clearly changing. I think a pertinent question would be why did Netflix see the potential in streaming while blockbuster didn’t?
Wow that explains everything I get goosebumps from seeing old RUclips videos or clips of 1990’s Blockbuster video because that’s a big part of my childhood until I hit puberty and my teen years. It’s also funny that the CEO of Taco Bell 🔔 in the 90’s made a deal to own Blockbuster plus if they just took the deal with Netflix it probably wouldn’t have gone bankrupt during 2010 and I remember that fateful Day when I heard about it closing Down here in Las Vegas Nevada. But during the 90’s I lived in Utah and it had a little Cesar’s pizza next door and a Albertsons’s grocery store around the corner and if you wanted to get a 5 dollar pizza 🍕 and popcorn you were set . Or if you wanted cheaper candy bars 🍫 than Blockbuster you could go to Albertsons and get cheap candy deals with the movie of choice. But now everything is Netflix and Digital just a sad world we’re living in right now.
The late fees was an issue for our family. My mom returned the movie after noon and was charged a late fee that was the same price for renting it for week
I worked at a Hollywood video in the Milwaukee area from 2003-2005. We were right down the street from a Blockbuster, but it didn’t really seem to affect us; we were swamped, especially on the weekends. I think we may have been one of the top-five performing stores in the country, prolly because we were right up the street from a major state University campus. So yeah we always told people, “Umm, well, BB is ‘kinda fibbing’ about extra costs, you end up BUYING the movie outright if you don’t return it!!”
The thing is for Video Games (as proven by the cloud release of the remasters and the game and expansion/DLC of the third entry for Kingdom Hearts on Nintendo Switch) streaming doesn't work well for most people, since it relies on signal/connection quality and reliability. Also it's pretty much unanimous for that game that it should have been physical and not streamed.
When I got my first beta machine I was just winding up in grad school and had a local video store nearby. It was perfect. Local and not a monster. I have always liked that Block was like Rome and they in time were smashed. Also with beta format and the right kind of video player you could copy movies without the anti-copy video guard creating a copy with intensity modulation. That video machine was Radio Shack. Video streaming has an interesting history. Building the bandwidth meant advances in tech. Everyone knows how a player that Block Buster banned was key in that
I may have just been lucky where I live, but we had a lot of video stores in my area that were better than blockbuster, even in the late 80s. By the mid 90s, we had a couple that were way better.
I can almost see it in the cards with netflix right now where they started out with the great idea but recently they've taken a nose dive due to lots of poor decisions like locking down passwords and greenlighting way too many boring bland cheap shows.
Interesting……I used to go to BlockBuster with my uncle and dad as a kid. Basically they were a victim of their inability to adapt to the emerging markets and understand the new market trends, they were always a step behind and focused on the wrong opponent. Was fun while it lasted though!
imo as someone who grew up in the lower class, blockbuster didn't end to Netflix, they ended to redbox. $1.00 rentals changed the game and that's all we used back then
I sometimes went to blockbuster, but at the same time, I always felt that Hollywood video and family video had the more niche films that I was into. And it was honestly due to renting from all three, that I got into film as less entertainment and more as an art form.
6236 North Black Canyon i still knew nothing about Connecticut at that time i knew nothing about any situation in Connecticut at the VA Specificly YEAR 2000-2005
Netflix's model was simply better. We will deliver a movie directly to you. You keep it for however long you want, and when you're done, mail it back, and we'll send you the next movie from your list. I know this because I was an early customer of Netflix. It was 1000X better than blockbuster. Once people started catching on, of course they're going to abandon Blockbuster.
Maybe movies and shows got cheaper to buy at the store ever think about that and also what about Redbox and Netflix and Hulu and Amazon prime video and Vudu streaming service and RUclips
Why did you not explain that when Blockbuster declined to buy Netflix that Netflix was just a movie rental company at the time? You had to rent the movie from their red box booths and bring it back in time just like a regular rental store, thats why Blockbuster didnt buy them. They weren't streaming movies yet at the time.
I think Netflix was part of Blockbusters downfall in the poor management but I also think people nowadays don't seem to want to go out and do stuff like we did in the 90s like people just want go to work come home and do nothing and on the dirt days off if they don't want to do nothing I think people are just gotten lazier as time has gone on
No, I don't think Blockbuster could ever have been saved. This video pointed out that they had only 2 years of profits between 1996-2010. That means they were constantly running in the red and didn't have any plans for the future. They never even made it close to the mess we have now with streaming media and their DVD service was not good compared to Netflix's. Both Blockbuster and Hollywood Video are gone and that is fine. I miss the old local video stores that these soulless corporations killed in their wake. When Hollywood Video arrived in my hometown (Central Washington State) it killed al the competition and Blockbuster only had Hollywood to compete with and then they both went, but the other businesses were long gone. Good riddance!
Guy starts the company and eventually sells it for 12 mil - Good deal. Good deal? Next guy takes it to billions world wide; taps out before the ship springs the biggest possible leaks for almost 9 bil. That'd sure burn my biscuits. It wasn't inevitable; as you showed two very clear points where Blockbuster would have either consumed Netflix to conglomerate, or outright bludgeoned them to death in a deal where hindsight is the biggest bitch of all.
@@modernbusinesschannel Hey absolutely. You still got a like and sub from me. Truly it was a good video I watched it the whole way through. Also was there a reason as to why Bend, Oregon retained their Blockbuster? I'd love to hear about that.
Did you ever go to Blockbuster?
Yes, 2010s
Yes! We had an unlimited movie download pass and free monthly rentals because my dad worked at headquarters in Dallas. I am so stoked about this video. Netflix did a documentary but made it seem like they were the ones that put them out of business, but really it was red box that started to dig their grave. Netflix was still mostly a video mail service in 2010 when things got real bad.
The last time I was in one was around 2012.
Some of my fondest childhood memories honestly. Would never have found Ali G or Tom Green Show otherwise.
I would love for you to consider a video on Airwalk shoes business. I just noticed they’re bringing back some of the original style we all know and love. And it’s currently selling at JCPenney
I just found this channel a couple days ago, and I see alot of potential here! I never knew that there were so many interesting stories about the underground, alt-culture, and skateboard worlds until your videos on World Industries, Big Dog, and others. Please keep going, friend!
It's just a copy of Company Mans channel. Even the video Titles are exact.
@@AlgaeEater09 yes, it is a copy. Doesn't mean he is doing it poorly. I like company man but appreciate having another channel doing the same / highly similar content.
@@AlgaeEater09 I feel like the voiceover is one of those AI generated ones like those movie recap channels
Ugh seriously? Who cares dude. Just watch the video and shut up
My only issue with this channel is the uptalk. The speaker sounds like he is questioning everything he says even when it’s a factual statement.
I'm such a sucker for nostalgia so I've watched countless videos on the downfall of blockbuster.
It's SO refreshing to see the subject change from Netflix to bad decisions blockbuster made because that's what they did; they made one to many bad choices that ran their company to the ground.
Thank you once again Nate for creating great content.
Bro friend!!! I just started the video, but I am super stoked about this one. My dad (step-dad technically but I hate referring to him that way) was the CFO of Blockbuster & was General Council for the company. In other words, he was the last corporate employee to be on BB's payroll back in 2012.
I have watched all of your videos so far and I finally subscribed this time. Excited to see what you upload next. So much love to you my friend ❤
-Megan
*********Edit*********
1. In all fairness the quote from James is older, like when Netflix mainly mailed DVDs and they did not produce original shows.
2. When Netflix came to BB for purchase it was early 2000s. Like 2003-ish. It was not the Netflix people know today; streaming was not a stream of revenue. They had 0 late fees but you had to wait for your rental to be shipped and you had to mail your movies back before renting more.
3. Blockbuster also tried to compete with redbox which was the biggest competition in 2009-2010. They open kiosk but they 1 kiosk for every 10+ kiosk that redbox had at the time.
The last Blockbuster is in Bend, Oregon. There is a documentary made about it.
I'm from Oregon, I've been there and it's awesome!
There was also an episode of "Family Guy" about it.
They did the "no more late fees" because they were about to go bankrupt and it actually saved them from bankruptcy because they got so many new customers. It obviously wasn't a good idea in the long run.
Company Man got competition finally 😂
Man, this is one of those hidden-gem kind of channels. I easily bing watched all your videos. You're doing some amazing work!
Same!
That means a ton, thank you!
I think it’s mostly that they failed to understand that streaming a movie is a helluvalot more convenient than having to deal with the physical DVD. Which doesn’t sound like much, but you should never underestimate the average person’s laziness
Deal with the dvd? You mean own? Damn are people really this lazy now
@@jaqcueslass2824 Yeah man, streaming services spoiled us, and why bother spending 20 bucks on a dvd when you can watch it on the streaming service you already pay for?
@@jerrie1533 that’s understandable. I value the physical disk because after a while you have a collection
It's not just laziness tbf. Without a physical DVD, you don't have to worry about misplacing or damaging it. You also don't have to worry about setting aside time to return it, which might sound like just more laziness but if someone's got a lot going on in their life (work or personal matters), it can be a big deal.
@@jerrie1533 I boycott Netflix for political reasons, so I pretty much only have discs.
Boy I sure do miss Blockbuster
There are so many games I rented from Blockbuster…games I’d never get to play again after they went under.
Like, I can buy the game discs online now if I really wanted to, but it’s not the same at this point in time
I watched a more recent video then went into the archives to see what else there was. I like the content but I’m also really glad you got over the up talking. I usually don’t notice that sort of thing but someone pointed it out a few days ago and now I can’t stop noticing it in stuff I watch.
Great job on this one! It would be cool to see a recap at the end of the video going through the present day net worth of each of the key players (kinda like “where are they now”)
Such a solid channel. Nostalgia hits for the win. Keep it up bro
I noticed that when Blockbuster Video was still around, they were extremely hated for their late fees. But after they closed their doors, many people like the defuct company because of nostalgia.
I believe there's an alternate universe where several iconic brands that no longer exist or are lingering survived and are bountiful while the current bigger brands are dead or scraping by
I barely remember Netflix dvds but do remember redboxes, can't say the same for Blockbuster
I still go to Redbox, it’s $2 a day and Amazon wants $6/7 for 24hrs. I remember Netflix being a huge pain when it was all mailed dvds. I remember signing up for it because it was less than a new release from blockbuster every month. But I mean with the lowest tier subscription I think you could only have one or two disks. Add up all that time your disks spent in the mail and it was hardly worth it
Brings back so many good memories...I miss the feeling of going into a Blockbuster as a little girl and seeing the (at the time) tall shelves FULL of movies ^^
BlockBuster brings back a lot memories of renting VHS tapes back in the early 2000s.
You're putting in tons of good work. Keep going man.
I love your videos, keep up the good work!
I always love watching these videos can’t wait for the next one
We never went to Blockbuster once when I w a kid. We always rented our movies at a store here in Ohio called Discount Drug Mart. Ironically there was a Blockbuster right next door to the Discount Drug Mart we frequented.
I feel like the company could have been saved if they thought about the future more. But when you are going paycheck to paycheck it's hard to see clearly with the dollars in your eyes.
The change in media from physical (VHS, DVD) to streaming kind of made the fall inevitable. With streaming, you don't need a brick-and-mortar store to house your inventory. Most importantly, your customers don't have to get in the car and drive to your location. They can stay home on the couch.
Only thing I'll say is while real estate is pricey so is code and security to ensure your customers aren't robbed by hackers and or website hacked
Bro, I'm so glad you are keeping up with this channel! Your content is amazing. Thank you for all of your hard work to provide us with some top tier entertainment. You awesome my dude.
Appreciate you Ethan! I’m in this for the long haul! 100k is right around the corner 💕
My most vivid memory of Blockbuster is by far when I rented Sonic Adventure DX. I quickly fell in love with it and when I had to return it I was devastated, so that same year I got the game for Christmas.
You have great content. Some advice for you on public speaking, watch your tonality. You upward inflect all the last words of your sentence. This makes the person/narrator sound unsure or self conscious. Downward inflect your sentences and you will be boss 💪
One of the worst places I’ve ever worked. It was truly amazing to see it all come down. Corporate was DESPERATE for sales of anything and tried to get us to sell so many gimmicks that the customers who already hated us became even more furious. We were a true dumpster fire and I’m so happy that they failed.
Kinda sounds like gamestop >.>
What were some examples of those gimmicks?
@@b4Sed1593 I worked there in high school and for my first two shifts I had to walk around the store all weekend (evening shifts, right before Christmas) carrying an empty ps3 guitar hero bundle display box and was told to sell this very niche $350 item to literally every single person who walked in. Not just to a couple or a group, individually. As in if one person said no, I then had to turn to the next person standing right there who already heard my pitch and try to convince them to buy it. Most people were there for a $.99 movie rental and it was my job to harass them all into buying something they didn’t want or need. I kept getting yelled at throughout the night by the manager for not getting anyone to buy it and berated because I found the whole thing so uncomfortable and embarrassing and she just sat there watching me like a hawk all night ready to humiliate me more than I already was.
Constantly being threatened with termination of my employment and I had left a really good job for one at blockbuster bc I didn’t want to work in fast food anymore. It was so much pressure to upsell literally everything and anything and people were sick of it but we still had to be sleazy salesmen bc corporate screwed up everything
Been looking forward to another video!
I audibly gasped at the idea of Blockbuster teaming with Enron.
I used to go to Video Warehouse, Movie Gallery, Hollywood Video, and a local shop where they had adult videos in the back room
Good old memories, we never had the Blockbuster chain here in Austria but a bunch of other video renting places.
As a kid my dad and I would always rent two movies for the weekend: a terrible horror movie and one of the Pokemon or Disney movies for me.
I still visit my parents on some weekends to watch terrible B-movies together.
Also: last video renting place I know of in my area closed down 4 years ago, the owner was a real movie nerd and stoner, dude knew everything about his movies and his recommendations where always on point.
I miss it.
I think the early and easily purchase of the vhs/dvds from BB would have raised a generation of collectors for fun, such thing that would have actually competed with Netflix, and also acquiring a streaming model, so they would have kept both type of clients.
I never realized just how many of what everyone considers to be their good years were actually unprofitable. I guess it makes sense if I consider that I had four Blockbusters within driving of distance plus a Hollywood Video at one point and I lived in the suburbs, so that meant a number of large, expensive stores serving a relatively small customer base. Not only that, back they would each typically buy dozens of copies of every new release to guarantee them in stock and there's no way they rented out each copy enough times to come out ahead (especially for the movies that were bombs) before they had to clear most of them out to make room for new ones. In the later years, I would just buy preowned movies from them for slightly more than renting movies cost and never have to worry about returning them.
The upward inflectION. EspecIALLYYY. when unneCESSARY. Is driving me absolutely bonkers.
Should do a video on the shop Spencer’s that place is weird
I think that if blockbuster had better management with better vision they’d have seen the potential of movie streaming as a digital equivalent of renting. If they’d laid the groundwork early for such a service they could very well have become what Netflix is today. They chose to stick with an archaic business model when the landscape was very clearly changing. I think a pertinent question would be why did Netflix see the potential in streaming while blockbuster didn’t?
Wow that explains everything I get goosebumps from seeing old RUclips videos or clips of 1990’s Blockbuster video because that’s a big part of my childhood until I hit puberty and my teen years. It’s also funny that the CEO of Taco Bell 🔔 in the 90’s made a deal to own Blockbuster plus if they just took the deal with Netflix it probably wouldn’t have gone bankrupt during 2010 and I remember that fateful Day when I heard about it closing Down here in Las Vegas Nevada. But during the 90’s I lived in Utah and it had a little Cesar’s pizza next door and a Albertsons’s grocery store around the corner and if you wanted to get a 5 dollar pizza 🍕 and popcorn you were set . Or if you wanted cheaper candy bars 🍫 than Blockbuster you could go to Albertsons and get cheap candy deals with the movie of choice. But now everything is Netflix and Digital just a sad world we’re living in right now.
This was fun to read thank you Chris
I believe it was inevitable, wonder what would have happened to netflix tho had they been purchased.
The late fees was an issue for our family. My mom returned the movie after noon and was charged a late fee that was the same price for renting it for week
I miss blockbuster. It was a nice way to buy cheap used movies and games. I used to have one next to my college dorm room
Blockbuster killed the video rental star
And Netflix..... Killed GameFly? idk
Told you 20k's would come fast 50k next!
you're dang right! 25k is the goal by the end of this month! then 50k soon after :) ily
I worked at a Hollywood video in the Milwaukee area from 2003-2005. We were right down the street from a Blockbuster, but it didn’t really seem to affect us; we were swamped, especially on the weekends. I think we may have been one of the top-five performing stores in the country, prolly because we were right up the street from a major state University campus. So yeah we always told people, “Umm, well, BB is ‘kinda fibbing’ about extra costs, you end up BUYING the movie outright if you don’t return it!!”
It was all Movie Gallery where I grew up. I’ll be 40 this year, and I’ve never been to a Blockbuster in my entire life
You sound exactly like the music reviewer Nate the Mate
I yam him ssshhhhh
@@modernbusinesschannel I KNEW ITTTT
I think it could have been prevented, by literally copying Netflix 👍
The thing is for Video Games (as proven by the cloud release of the remasters and the game and expansion/DLC of the third entry for Kingdom Hearts on Nintendo Switch) streaming doesn't work well for most people, since it relies on signal/connection quality and reliability.
Also it's pretty much unanimous for that game that it should have been physical and not streamed.
I always preferred the independent video stores to Blockbuster Video. The prices were lower and the small business owners were friendlier.
When I got my first beta machine I was just winding up in grad school and had a local video store nearby. It was perfect. Local and not a monster. I have always liked that Block was like Rome and they in time were smashed. Also with beta format and the right kind of video player you could copy movies without the anti-copy video guard creating a copy with intensity modulation. That video machine was Radio Shack.
Video streaming has an interesting history. Building the bandwidth meant advances in tech. Everyone knows how a player that Block Buster banned was key in that
I didn't have a blockbuster in my area growing up
Private equity has played a major role in many iconic american brands.
I may have just been lucky where I live, but we had a lot of video stores in my area that were better than blockbuster, even in the late 80s.
By the mid 90s, we had a couple that were way better.
I can almost see it in the cards with netflix right now where they started out with the great idea but recently they've taken a nose dive due to lots of poor decisions like locking down passwords and greenlighting way too many boring bland cheap shows.
As it was, it was never going to last, the internet would have killed it if it didn't become something it wasn't, a streaming service
Such a good channel
I missed blockbuster stores. I wish it came back as a purchased video store and stop store bankrupt and debt
Interesting……I used to go to BlockBuster with my uncle and dad as a kid. Basically they were a victim of their inability to adapt to the emerging markets and understand the new market trends, they were always a step behind and focused on the wrong opponent. Was fun while it lasted though!
imo as someone who grew up in the lower class, blockbuster didn't end to Netflix, they ended to redbox. $1.00 rentals changed the game and that's all we used back then
Blockbusters went out of Business because of Netflix and Hulu.
Nate?! Okay, this is epic!
Great video!!!!!!
Thank you!
Gotta take a trip to Bend
Please do a video about, Payless. The store is literally extinct Ya gotta do a video. 😀
I sometimes went to blockbuster, but at the same time, I always felt that Hollywood video and family video had the more niche films that I was into. And it was honestly due to renting from all three, that I got into film as less entertainment and more as an art form.
Also after a while blockbusters started to be expensive
I miss blockbusters...
You missed the DVD rental machines they had to complete with Redbox.
I actually saw a redbox the other day haha
It wasn't Netflix killed blockbuster the failed business killed the blockbuster.
Hey bro maybe a video on Hastings?
6236 North Black Canyon i still knew nothing about Connecticut at that time i knew nothing about any situation in Connecticut at the VA Specificly YEAR 2000-2005
Hey yo you should do somthing like
Cariuma:Why they're hated
Still dont know why lol
I wonder if people ever feel sad . selling their company and watching it explode
Awesome as usual
Blockbuster was good times. Inconvenient. But good times.
It used to be a great video store and then it went downhill.
is this nate the mate's second channel? sure sounds like him.
Dead ass, got me the same way
as a person with hrrable internet and kinda broke i dont have netflix
sad
And todays sponsor: Blockbuster! Rent movies conveniently if you happen to stop by!
the fall was inevitable.
I wish Netflix needs to shut down. Too much TV-MA and R-rated. Buying physical is way better than digital. Waste of money and time.
Nate The Mate? Is that you?
Netflix took advantage of the internet boom and blockbuster didn't.
Just subbed.
Netflix's model was simply better. We will deliver a movie directly to you. You keep it for however long you want, and when you're done, mail it back, and we'll send you the next movie from your list. I know this because I was an early customer of Netflix. It was 1000X better than blockbuster. Once people started catching on, of course they're going to abandon Blockbuster.
Discuss FORDS Premier Automotive Group the failed company of Land rover, Volvo, Jaguar and more.....
Maybe movies and shows got cheaper to buy at the store ever think about that and also what about Redbox and Netflix and Hulu and Amazon prime video and Vudu streaming service and RUclips
Why did you not explain that when Blockbuster declined to buy Netflix that Netflix was just a movie rental company at the time? You had to rent the movie from their red box booths and bring it back in time just like a regular rental store, thats why Blockbuster didnt buy them. They weren't streaming movies yet at the time.
You're thinking of RedBox. Netflix did DVD rental by mail.
What about family video.
I think Netflix was part of Blockbusters downfall in the poor management but I also think people nowadays don't seem to want to go out and do stuff like we did in the 90s like people just want go to work come home and do nothing and on the dirt days off if they don't want to do nothing I think people are just gotten lazier as time has gone on
Well, renting movies and games still exists. It's just online and less popular because of it
🤣🤣🤣 WHAT... it just kept getting worse 🤣
No, I don't think Blockbuster could ever have been saved. This video pointed out that they had only 2 years of profits between 1996-2010. That means they were constantly running in the red and didn't have any plans for the future. They never even made it close to the mess we have now with streaming media and their DVD service was not good compared to Netflix's. Both Blockbuster and Hollywood Video are gone and that is fine. I miss the old local video stores that these soulless corporations killed in their wake. When Hollywood Video arrived in my hometown (Central Washington State) it killed al the competition and Blockbuster only had Hollywood to compete with and then they both went, but the other businesses were long gone. Good riddance!
New vid when I watched all your vids :(
Looks like a copy of Company Mans channel. Even the video titles are exact.
Wow lol he just changed the title LOL
I never went to one but I think theres one here
I doubt it
@@snarp408 I saw one irl
Guy starts the company and eventually sells it for 12 mil - Good deal. Good deal? Next guy takes it to billions world wide; taps out before the ship springs the biggest possible leaks for almost 9 bil. That'd sure burn my biscuits. It wasn't inevitable; as you showed two very clear points where Blockbuster would have either consumed Netflix to conglomerate, or outright bludgeoned them to death in a deal where hindsight is the biggest bitch of all.
They sealed their own fate haha
Dude might you be Nate the mate? You sound so much like him.
heh heh... -Paulie from Sopranos
Do you remember boomerang from Cartoon Network
It’s not on anymore?
@@mattberg6816 I’m asking that same question too
Great vid, just try to not make every other sentence sound a question. The rising emphasis on the last word.
Noted! appreciate the ffedback
@@modernbusinesschannel Hey absolutely. You still got a like and sub from me. Truly it was a good video I watched it the whole way through. Also was there a reason as to why Bend, Oregon retained their Blockbuster? I'd love to hear about that.