Quote:
Originally Posted by denphone
Blockbuster were a visionary company when they had most of the market share in their day until other competitors came along and overtook them and whittled down their market share to diddly squat.
Look what happened to them......
OB would be wise not to underestimate market forces.
https://en.wikipedia.org/wiki/Blockbuster_LLC
---------- Post added at 16:37 ---------- Previous post was at 16:36 ----------
Fixed goalposts are no good if you can't put the ball in the net..  |
Indeed. And if we look at media ownership 20 years ago compared to today, it’s massively different. AOL for instance once valued at $222bn ended up purchased by Verizon in 2015 for a mere $4.4bn. If you can’t continue to offer a cutting edge going forward it’s your business model under the gun. Not the “vision” you had fifteen years earlier.
If you want some more fun, albeit in a different sector, BlackBerry Ltd (formerly Research in Motion) are worth a look at their demise from a once mighty position in the market.
It is therefore with some irony that Old Boy accuses me of being the one lacking vision and assuming
nothing will change.
The question for Netflix will be what does it offer that everyone else doesn’t?