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The Independent UK

National

Nathan Place

Blockbuster CEO ‘struggled not to laugh’ at chance to buy Netflix, new books says

Netflix Blockbuster Marc Randolph Reed Hastings

Copyright 2018 The Associated Press. All rights reserved.

In 2000, the CEO of Blockbuster Video had the chance to buy Netflix for $50m. Instead, a new book says, the best he could do was not laugh them out of the room.

Marc Randolph, the co-founder and first CEO of the streaming service, recalls the disastrous meeting in his new book, That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea.

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