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(Bonus) The Rise And Fall Of Blockbuster Video

28 snips
Oct 12, 2024
Join venture capitalist and writer MG Siegler as he dives into the fascinating rise and fall of Blockbuster Video. He reflects on the company's once-dominant role in video rentals and the cultural nostalgia tied to those late fees and weekend movie runs. The conversation spotlights Blockbuster's struggle against Netflix's game-changing subscription model, highlighting missed opportunities for innovation. MG also reminisces about the vibrant atmosphere of video rental stores and the societal shifts that transformed home media consumption.
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ANECDOTE

Flix Video Store

  • MG Siegler frequented a mom-and-pop video store called Flix in his youth.
  • It had unique features like dog tags for available videos and a back section with adult films.
ANECDOTE

Brian's Blockbuster Job

  • Brian McCullough's first job was at Blockbuster Video, starting in high school.
  • He even rose to the rank of assistant manager, giving him insight into the business model.
INSIGHT

Birth of Home Video Rentals

  • Home video rentals emerged because buying movies on VHS was initially prohibitively expensive.
  • Studios priced VHS tapes high, targeting rental market, making rentals the default consumption mode.
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