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Blockbuster failed for many reasons of their own doing, but I think that it is overlooked that they also failed because they couldn't outlast several years of N
by jgon 10y ago
Blockbuster failed for many reasons of their own doing, but I think that it is overlooked that they also failed because they couldn't outlast several years of Netflix dumping VC cash into a fire for good content. Now, in the classic SV "disruption" playbook, Netflix has stopped paying for quality content, excluding their own mostly mediocre content, and I am left wish that the blockbuster near my house was still open so that I could go out and rent a decent movie. So much of the Netflix catalog is absolute bargain basement garbage these days and it doesn't look like that is about to change anytime soon.
Maybe one day we'll be able to access quality content from the big players, but I think there's an equal chance that we'll look back at a time when you could go and get access to a ton of classic movies from any studio and almost any time period without having to buy it upfront in a single consolidated location and feel like we've really lost something with our current state of affairs.
- blakesterz 10y ago>> several years of Netflix dumping VC cash into a fire for good content. I can't say I agree with much of your comment, I find much of their content decent enough, but I'd never thought about the VC cash thing before. I don't know how much they burned, but it's interesting to think the only reason they were able to pull this off is because they were able to lose a ton of money this way. Blockbuster being public at the time wouldn't have been able to? (don't know how true either of those things are)
- eli_gottlieb 10y agoDoesn't that mean Netflix basically used really old-fashioned anticompetitive practices that are banned by law in a lot of places?