Did Netflix do the same jobs for consumers that Blockbuster did? How did this evolve over time?

Using the profit model in the study guide, discuss difference between Netflix and Blockbuster's profit model (revenue streams and cost structure); then discuss reasons for Blockbuster's failure and Netflix's success.

Did Hastings's first business plan work out?How about the second? How many strategy revisions did the company have to make? What caused them to make each shift?

Answer rating: 100% (QA)

Netflix and Blockbuster initially provided similar services in the video rental industry allowing consumers to rent movies and TV shows for home viewing However their approaches and business models ev... View the full answer