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2000: Opportunity doesn’t often knock twice, but it did when DVD subscription service Netflix was offered to Blockbuster for $50 million. The company declined the offer. Also that year, the company took in a staggering $800 million in late fees, which made up 16 percent of revenue for that year.
Thats hard to believe, both the missed opportunity and the size of the late fee $s. But to hell with them and Columbia House.
It’s 100% true, and is very hard to believe they wiffed on the opportunity to purchase at that price. Not hard to believe they were making 16% of revenue on late fees, everyone complained about the late fees.
We took our 3 sons to that Peach Bowl. Wifey and kids headed to the car at start of 4th quarter and I stood in a sleeping bag literally shivering. If memory serves the daytime high in Atlanta that day was 26 degrees Listened to the Gator Bowl on the drive back to Jax. Gaytors vs Iowa. Cold and windy and miserableI do personally remember that one...Was played in the ol' "Launching Pad", A.K.A. Atlanta-Fulton Co. Stadium. We'd had a poor season but still managed to blow out the Heels 28-3.
Did anyone here get into the LaserDiscs ?
I was a VCR hold out and then just moved into DVDs.