Netflix Versus Blockbuster

As I was browsing through the programs on Netflix, I came across a documentary from 2020 called The Last Blockbuster . Honestly, I was surprised to know that a Blockbuster store is still open after Netflix shut down the once dominant video rental company. Blockbuster Corporate’s crucial mistake was not accepting the offer to buy Netflix for $50 million in 2000. The corporate leaders at Blockbuster missed out on a company whose annual revenue amounted to almost 25 billion in 2019. Netflix’s steady growth in sales can be contributed to word-of-mouth marketing. Word-of-mouth marketing plays a vital role in building a brand that customers will share with their friends and family for years to come. A photo of the manager of the last Blockbuster store in Bend, Oregon .Photo from DirectExpose.com Joining the Conversation In order for a business executive to effectively use word-of-mouth marketing for their company, he or she needs to interact with consumers on a consist...