Business · 1
Which rental company's late fees inspired Reed Hastings to create Netflix in 1997?
Answer
Blockbuster
Reed Hastings was charged a $40 late fee for returning 'Apollo 13' to Blockbuster, which sparked his idea for a subscription-based DVD-by-mail service with no late fees.
💡 Did you know?
Blockbuster had the chance to buy Netflix for $50 million in 2000 but declined the offer.
Other options people guess
- Hollywood Video
- Movie Gallery
- Family Video
Topics
- replacement-bank
- legacy-cleanup
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