DelhiDesk Blockbuster, the former video rental service that lost to Netflix, took a jab at the streaming giant over its new password-sharing policy. Blockbuster reminded people of the good old days when they rented videos and shared them freely, as long as they were returned on time. The company’s strict late fee policy became a source of frustration for many customers, including Reed Hastings, the founder of Netflix, who founded the company as an alternative video rental service that eliminated late fees. Blockbuster had an opportunity to acquire Netflix for $50 million, but it ultimately declined, a decision that proved costly as Netflix continued to grow and revolutionize the way people consumed entertainment, while Blockbuster struggled to adapt. Today, only one solitary Blockbuster store remains, serving as a nostalgic reminder of a bygone era. Netflix has been evolving and adapting to the ever-changing landscape of the streaming industry, recently taking measures to enforce its policy of account sharing, emphasizing that a Netflix account should only be utilized within a single household.

Follow DelhiBreakings on Google News

Here is the news bullets sorted by DelhiBreakings.com team.

๐Ÿ‘‰ Blockbuster took a jibe at Netflix over its new password-sharing policy
๐Ÿ‘‰ Blockbuster reminded people of the good old days when they didn’t care who shared their videos
๐Ÿ‘‰ Blockbuster had a chance to buy Netflix but passed on it
๐Ÿ‘‰ Twitter users reminisced about the Friday night Blockbuster and Pizza Hut experience
๐Ÿ‘‰ Blockbuster was once a dominant force in the video rental industry with 6,000 stores worldwide
๐Ÿ‘‰ Blockbuster’s strict late fee policy became a source of frustration for customers, leading to the rise of Netflix
๐Ÿ‘‰ Blockbuster had an opportunity to acquire Netflix for $50 million but decided against it
๐Ÿ‘‰ Blockbuster attempted to modernize but ultimately filed for bankruptcy in 2010
๐Ÿ‘‰ Only one solitary Blockbuster store remains in Bend, Oregon
๐Ÿ‘‰ Netflix has introduced new features to enforce its policy of account sharing within a single household.

For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com