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unmediated

 

December 27, 2005

I remember the Netflix naysayers. Who would wait for a video to appear in the mail? Well, think again. Not only is Netflix gaining online subscribers faster than Blockbuster's new heavily-promoted service, but Netflix as a company is worth over twice the market value of Blockbuster. While Netflix has no debt, Blockbuster owes $1 billion. And Blockbuster did it to themselves by waiting too long to offer online rentals, charging ungodly late fees and requiring customers to jump through hoops because Blockbuster stores couldn't talk to each other. No surprise here. (Full disclosure: I hate Blockbuster.)
Originally from Lost Remote, remediated by yatta on Dec 27, 2005 at 11:48 AM