You could be familiar with this brand name in the 90's all the way to early 2000's.
This is where you go rent VHS and later DVD to watch new and old movies. I recalled they had another competitors as well. The common one was #Hollywood video. It was the exact replica of #blockbuster in the same era. Unfortunately internet changes everything right after 2000. It took this business format another 10 years to realize bankruptcy is the easy way out.
So far looking at this image, it is a replica of what watching movies on your own time looks like. Strangely there is still one #blockbuster still open in the US. Even though the company was internationally known, Australia closed their last one and still one left in in Oregon I think nostalgy allows this store to stay open.
The demise of this company is a prelude to a seismic shifting in the way the world is watching TV.
#Netflix came to life in the dawn of the fast internet service. I do recall the two day service at the beginning and quite quick they change to online viewing. The internet enables many thing and #Netflix capitalized on it from get go.
#Netflix is not the only company pushing from online release, they are producing their own content. I think #Hollywood greed pushed them to do so and it pays great dividend.
Looking at #Netflix stock valuation they are sitting comfortable at around $492 right now. Earlier then in 2002 it was a mere $1 to invest in the company. Can you believe how you will do by investing $1000 ? This is the power of long term investing. So many companies are following the footsteps of #Netflix. #Hollywood is fragmented now and this year many studios halted production. #Amazon, #Disney+, #peacock want to give #netflix a run. I forgot to mention #AppleTV and many more producing their own movies.
The internet did change everything in 2020. You may not see it clearly but the shifting is clear wherever you look at it.
The cable cutters give a boost to #Netflix business. I do not have a Netflix account but my friends does so I do not have any problem watching their program. I do have #Amazon prime so I can watch from them. The amount of people browsing the web is growing so fast we can say it just starting up.
Apart from entertainment and all the internet is doing us a favor. It is the highway of everything going forward.
Gladly crypto is the native currency of the internet. The more business model we have the more synchronization will put in place to keep folks glue to their small screen. Covid or not more people are watching everything on their phone. How high #Netflix stock will grow? Hard to predict but it is possible to see the positive side when they just acquired the service of Harry and Megan to produce more content for them. It is to show how wide they want to be. #Netflix business model is worldwide except a few countries. It is a community growing day by day.
The reflection is juxtaposed with the same notion of time and long term investment. It takes time to build something good. I have to say the same for this community, time will always by our side and our behavior and development will favor investors as we grow and reach maturity. #Netflix did it so can we. #hive will grow and just the idea of community is what allow us to be viewed as serious. One day we will pull our blockbuster move as well. I know it is on the making.
Be safe and be strong.
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Wow. The fact that that one store is still open is absurd. Renting VHS tapes was a huge part of my childhood.
I read that Blockbuster had an opportunity to acquire Netflix in the early stages, but the CEO thought it was a joke. Must be kicking himself now 😅
If you can't adapt to change, you're done in this ever-evolving world.
All these are possible cause of the internet.
There are more to come and we are thrilled
to benefit from it.
Beautifully written, who would have thought to invest in Netflix a long time ago. I feel technologies will rise and knock technologies out of business and currently I'm looking at crypto and blockchain being inculcated in everyday life in the coming years. As for long-term investing I guess so many businesses have proven that patience towards building a long lasting project is wise.
Posted Using LeoFinance