I stopped using Netflix thought it was so lame you have to pay extra just for 1080 or HD lmfaoooo . Hulu is the best u pay extra on Hulu for no ads only . I hope Netflix burns
Yes kids there was a time when we had to order DVD movies thru the mail, they're was even a time when pay phones were on random street corners and you needed 25 cents to make a local call. Fun times lol
I used to love walking into a Mr. Video or Blockbuster and touch the vhs or dvd sets. On the topic of phones, remember when cellphones entered the market?? A bigger cellphone was looked down upon. The smaller the better. Today a bigger phone is better.
I still rent DVDs through Netflix and it's a primary factor in my decision to continue using Netflix over other streaming services. Most people don't realize they still offer this service.
@@r44bb98 Their disc catalog is vastly superior to the more limited streaming library. Also, not everyone has access to fast and/or reliable internet. Having to wait for a movie to buffer in 2022 is a real bummer, but a reality for many rural areas. I recently moved to a more populated area and jumping from 5 mbps to 100 mbps makes a drastic difference.
I had forgotten that they do offer DVDs thru the mail, but I thought it costs more for that service?! I do miss popping a movie in & sitting down with popcorn and watching it!!
@@aprilchamberlain1677, you are correct. It's a separate charge so it ultimately boils down to whether you're going to check out/rent enough dvds to justify the added cost.
One of my favorite company comeback stories. Who woulda thunk what started as a secondary supplementary service(streaming) would completely conquer the world of media consumption
Wow, I remember those red envelopes like it was yesterday. Crazy how things have completely changed in every way. I think we have one video rental store left within 50 miles of me. It only survives because of people who live outside of city limits and have awful satellite internet, and selling old video games.
Can't watch this without remembering how feebly Blockbuster Video responded; going from over 9,000 retail locations in 2004, to just 1 remaining, and that one is kept more for nostalgia.
BlockBuster once charged me a late fee. I remember telling the manager that they would not stay in business the way they treated customers. I guess I was right.
Most people don’t know that Hastings contacted Blockbuster in 2000 and offered to sell Netflix to them for $50 million. Apparently, Netflix was really struggling to get enough capital to expand and Hastings did not like running the company. Of course, Blockbuster died years ago and those executives are kicking themselves. I am also kicking myself because I owned Netflix stock back in 2005 and sold it like an idiot. That stock would be worth over a million dollars today.
I miss receiving those dvds in the mail. It was like a cool new gift at your doorstep every day . Its so easy now, there’s no suspense or waiting eagerly for that next movie to arrive
Yes, I also miss the Red Envelope Club. I used to be able to maximize my Netflix DVD service -- I work from home and my mail arrives before noon. So, when a disc would come in the mail, I often would stop work in the early afternoon and have a big meal while watching one disc. Then, I would get back to work. My business involved shipping stuff out using the post office, so I would often SEND BACK my Netflix DVD in the mail on the SAME DAY that it had arrived. I believe I averaged 10 to 12 DVD's per week, so I really got my money's worth back then.
Wow, I had no idea how netflix started. I hope all of those employees were able to keep a job with the company after they went digital. Just think of how much money they saved by changing to a streaming platform. And so much paper saved!
I always wondered how Netflix came about, This must be real old because now we pay to tune on Netflix! It is great and the movies, cooking shows etc, are great! Ilove it!
As a millennial I grew up going to get movies with family at Blockbuster. Then I remember as a young 20ish year old man seeing Blockbuster fail without buying or partnering with Netflix. Netflix made the right move and made life easier for me to enjoy and learn languages.
Crazy how nobody believed this idea would work and then by 2013 Netflix took the streaming world by storm and really dominated the streaming world and Hulu was free in the early 2010s and they still couldn’t even rival Netflix until 2016.
8:07 it's funny what they said was a threat was eventually their biggest success, although it's become too overcrowded now. Hastings was correct though in that he would be the leader.
Crazy to watch some of these videos I mean there was a time when people were renting DVDs. No to those people who are down on Netflix stock right now all I can tell you is this look at how many things we didn’t think would happen that happened. Most of us never dreamed of renting DVDs via the mail actually most of us now didn’t even notice how Netflix got started. I remember Netflix renting DVDs in the mail I remember blockbuster you ask most people in their 20s about Black buster they don’t know what it is. Just think there’s a generation that only knows streaming and downloading movies. Even when you look at this video look at how we were expecting the future to turn out we thought downloading movies would be the next big thing we skipped the concept of downloading a movie in an hour and instead we literally started streaming movies. Crazy right same concept as downloading Internet connection to a tv The only differences instead of downloading the entire film all at once why not bring in small snippets of it at a time so that you can watch it as it comes in. We never planned on TH-cam or any of the music streaming services none of that but it is clear those things are here to stay. So when you think about what is next for Netflix remember we already thought they were a big fish and a small pond there were others that were going to come in and take away customers didn’t happen yes now we have more big fish in the pond has gotten bigger but I would highly disagree with anyone who says Netflix still isn’t King.
Thats because all the big studios stopped putting their stuff on Netflix because they want their own streaming services. That's the new model. Every channel, studio, news station, wants to start a streaming service
I like to buy DVD's. I don't like the digital downloads. I want to watch movies over and over if they are good. The only place so far that I can buy DVD's is walmart. I am sure they will go to download soon. I hate that.
Shout-out to the channel manager for putting this up right after the Netflix earnings
🎯 🎯
"Downloading" service haha.
Lesley Stahl made a great report and it has actually aged pretty well.
Just some not so subtle stock manipulation.
I stopped using Netflix thought it was so lame you have to pay extra just for 1080 or HD lmfaoooo . Hulu is the best u pay extra on Hulu for no ads only . I hope Netflix burns
Haha! 🤣 🤣 Yepp, they disappointed! 🤣
“Blockbuster is nipping at his heels”
That aged well
Hahaha IKR!
Streaming killed the video store
Streaming killed the video store
Internet came and broke their disks
Oh-a-a-a oh
Watching him try to find the number and call Customer Service was classic!! Great Job Lesley & 60 Minutes !! 👍👍
Yes kids there was a time when we had to order DVD movies thru the mail, they're was even a time when pay phones were on random street corners and you needed 25 cents to make a local call. Fun times lol
If you’re OLD ENOUGH.... you can even remember when public pay phone calls cost TEN CENTS. 😳
As a kid, I found forgotten change or refunds in those phones at least a dozen times.
Going back further, the calls were 10 cents. The phrase "It's your dime," and many variations of it, had origins in those days.
I used to love walking into a Mr. Video or Blockbuster and touch the vhs or dvd sets. On the topic of phones, remember when cellphones entered the market?? A bigger cellphone was looked down upon. The smaller the better. Today a bigger phone is better.
I love these rewinds. It's awesome to look back and compare.
I still rent DVDs through Netflix and it's a primary factor in my decision to continue using Netflix over other streaming services. Most people don't realize they still offer this service.
same here, they have ALOT of OOP dvds
Why would you do that if you could stream it immediately
@@r44bb98 Their disc catalog is vastly superior to the more limited streaming library. Also, not everyone has access to fast and/or reliable internet. Having to wait for a movie to buffer in 2022 is a real bummer, but a reality for many rural areas. I recently moved to a more populated area and jumping from 5 mbps to 100 mbps makes a drastic difference.
I had forgotten that they do offer DVDs thru the mail, but I thought it costs more for that service?! I do miss popping a movie in & sitting down with popcorn and watching it!!
@@aprilchamberlain1677, you are correct. It's a separate charge so it ultimately boils down to whether you're going to check out/rent enough dvds to justify the added cost.
What a great throw back to see how far Netflix and digital media has come.
Little did we know that NetFlix would become an ocscar award winning production house.
But it's never won a Best Picture Oscar. It took Apple+ to be the first streaming service to do that.
2006... when “MySpace” could legitimately be name dropped lol
One of my favorite company comeback stories. Who woulda thunk what started as a secondary supplementary service(streaming) would completely conquer the world of media consumption
How much of a threat is “downloading” movies from “the Internet.” Haha this is cracking me up!
Bob & Bobbie are just ADORABLE. I hope they’re doing well these days. Warms my heart.
They’re my grandparents. Bob passed away back in 2014 but Bobbi is still chugging along!
@@HankThe_Tank if you're serious, I'm sorry about Bob. However, I'm very happy to hear Bobbi is still kicking!
Wow, I remember those red envelopes like it was yesterday. Crazy how things have completely changed in every way. I think we have one video rental store left within 50 miles of me. It only survives because of people who live outside of city limits and have awful satellite internet, and selling old video games.
My parents still get the envelopes every week
Bad earnings or not, Reed Hastings is a genius and had great forsight. Thanks for adding this.
Can't watch this without remembering how feebly Blockbuster Video responded; going from over 9,000 retail locations in 2004, to just 1 remaining, and that one is kept more for nostalgia.
BlockBuster once charged me a late fee. I remember telling the manager that they would not stay in business the way they treated customers. I guess I was right.
@@ld4974 😄
Most people don’t know that Hastings contacted Blockbuster in 2000 and offered to sell Netflix to them for $50 million. Apparently, Netflix was really struggling to get enough capital to expand and Hastings did not like running the company. Of course, Blockbuster died years ago and those executives are kicking themselves. I am also kicking myself because I owned Netflix stock back in 2005 and sold it like an idiot. That stock would be worth over a million dollars today.
I feel like Netflix wouldn't be Netflix if blockbuster bought and ran it in 2000
@@mrsaltypnutz instead of saying “Its on Netflix” we’d be saying “Its on Blockbuster”
Incredible watching this. Thanks for sharing 60 minutes.
I miss receiving those dvds in the mail. It was like a cool new gift at your doorstep every day . Its so easy now, there’s no suspense or waiting eagerly for that next movie to arrive
Netflix still does offer DVDs by mail
Yes, I also miss the Red Envelope Club.
I used to be able to maximize my Netflix DVD service -- I work from home and my mail arrives before noon. So, when a disc would come in the mail, I often would stop work in the early afternoon and have a big meal while watching one disc. Then, I would get back to work. My business involved shipping stuff out using the post office, so I would often SEND BACK my Netflix DVD in the mail on the SAME DAY that it had arrived. I believe I averaged 10 to 12 DVD's per week, so I really got my money's worth back then.
8:07 this is one of the most hilariously ironic moments in 60 Minutes history 😂😂😂
New technology called the DVD...oh god lol
Now those Netflix warehouses have been replaced for by a corner of a Amazon warehouse
This shows how much of a visionary this leader is and shows how he's managed to have the company evolve to meet the demands of the times
J
this is a cute reminder. I remember upgrading my membership to get ALL the seasons of Lost lol
They constantly raise prices at the same time as the quality of series and movies gets worse, no wonder they lose customers.
They even charge extra if you want to see stuff in 4k. No other streamer does that.
That and they make you pay for what quality you want lmfaoooo so grimy
@@lisavanderpump7475 Indeed. $15.50 for 1080 and then 5 bucks more for 4K. What a joke.
I have curpo tunnel my hands hurted just by looking how fast they worked with the DVD's 😊😊😊. Im glad he is giving people employment 😇.
Don Cheadle is real happy right now that his manager insisted on including a streaming cut in his contract.
How most of us managed to not buy Netflix when it was $4 / share baffles me to this very day.
From Hotel Rwanda to Wedding Crashers, Netflix has all the hits!
I had A LOT of friends who worked for Netflix in these early days in Silicon Valley and trust me they didn’t pay that great.
Fascinating to watch this now.
I love the passive level of trolling with these Rewinds
Thank you for your Peace Corps work. I too was in Peace Corps...Uganda
Wow. Myspace was still popular at the time of this video. My have we came a long way in a short time
Love Netflix and their genius way of operating.
Content is 👑 and how we use it is ever changing
Wow how far we’ve come.
Watching this video is fascinating
Wow, I had no idea how netflix started. I hope all of those employees were able to keep a job with the company after they went digital. Just think of how much money they saved by changing to a streaming platform. And so much paper saved!
they didn't save any money by "switching to streaming" wake up you gen z diaper.
They didn’t. As soon as it was sold by this same guy all these folks got laid off
If only Enron Broadband & Blockbuster could have sealed their 20yr deal back in 2000…
Paused Dark (a Netflix show) to watch this report... And smile. 🤣🤣
Thank you for uploading! Bob and Bobbi are my grandparents and I’ve been trying to find this video for years.
This nostalgia seems to be intentionally recalled to coincide with NFLX's stock price plunge of 35% to $22X.
Man i wish i could go back and invest in Netflix
Who's here after Netflix lost 35% in a single day?
I always wondered how Netflix came about, This must be real old because now we pay to tune on Netflix! It is great and the movies, cooking shows etc, are great! Ilove it!
As a millennial I grew up going to get movies with family at Blockbuster. Then I remember as a young 20ish year old man seeing Blockbuster fail without buying or partnering with Netflix. Netflix made the right move and made life easier for me to enjoy and learn languages.
@@headsuphockeypodcast2707 ya poor blockbuster u could rent games and movies lmao I rember slowly seeing Netflix vending machines in grocery stores
*Everyone who reads this, we don't know each other and probably never will but I wish you all the best in life and all the luck in the world.*
Kind of funny how she calls it ITV and it's actually called Apple TV.
Crazy how nobody believed this idea would work and then by 2013 Netflix took the streaming world by storm and really dominated the streaming world and Hulu was free in the early 2010s and they still couldn’t even rival Netflix until 2016.
I rememver watching hulu for free lol
8:07 it's funny what they said was a threat was eventually their biggest success, although it's become too overcrowded now. Hastings was correct though in that he would be the leader.
Love this story! I made a small fortune back in the day selling their customer service number on EBAY before they posted it on their website.
Canceled my Netflix long ago. I do not miss it
Me either
This is a very old video. Amazing!
an hour to download 🤣
Who could've thought 18 years ago that Netflix would come out with "Cuties".🤦♂️
Wooow, This is Genius. Great Mind. Worth Watching!
Crazy to watch some of these videos I mean there was a time when people were renting DVDs. No to those people who are down on Netflix stock right now all I can tell you is this look at how many things we didn’t think would happen that happened. Most of us never dreamed of renting DVDs via the mail actually most of us now didn’t even notice how Netflix got started. I remember Netflix renting DVDs in the mail I remember blockbuster you ask most people in their 20s about Black buster they don’t know what it is. Just think there’s a generation that only knows streaming and downloading movies. Even when you look at this video look at how we were expecting the future to turn out we thought downloading movies would be the next big thing we skipped the concept of downloading a movie in an hour and instead we literally started streaming movies. Crazy right same concept as downloading Internet connection to a tv The only differences instead of downloading the entire film all at once why not bring in small snippets of it at a time so that you can watch it as it comes in. We never planned on TH-cam or any of the music streaming services none of that but it is clear those things are here to stay. So when you think about what is next for Netflix remember we already thought they were a big fish and a small pond there were others that were going to come in and take away customers didn’t happen yes now we have more big fish in the pond has gotten bigger but I would highly disagree with anyone who says Netflix still isn’t King.
Life was simpler with MySpace…
Thank you guys so much!!!💗
God bless you 🙏
🌹🌹🌹🌹🌹💕💕💕
Covid 19 🤬 ...Thank you Netflix 💗💕
Good luck with next day delivery in 2022 with the way the USPS works!
First commenter here. I purchased some of Netflix stocks today after the landslide sell off. I believe Netflix can still rewind the tide.
I’m so confused right now (April 2022), when was this interview conducted???
Who even still owns a DVD player? Again, this is 2022!!!
It's not really downloading Wave, It's a streaming wave.
To think people then were talking about how dvds killed the vhs age and now dvds are a thing of the past overshadowed by streaming
“An hour” to download a movie in 2006.
Having read "That Will Never Work - The Birth of Netflix by the first CEO and co-founder Marc Randolph", Reed is LYING about how it started about.
yes exactly
Wow, this didn’t age well
I'm sorry! What's Netflix?????
R.I.P. Netflix
They don’t do that stuff anymore. It’s all streaming and now they have android boxes that have all the movies you want for free that’s the best part.
"They're betting that Downloading will eat you for lunch..."
Fair play Wedding Crashers is brilliant
Crazy downloading was the threat because we didn't have the tech for streaming yet even
Would amazing if this industry came to online streaming
I didn't even know that they started out as an online DVD renting service. Can you still rent Blu-rays/DVDs by mail!?
I feel old
Yes! DVD rental is still a primary reason why I have continued using Netflix over other platforms. The discs still arrive in the red envelopes too.
DVD's weren't that new then they'd been around since the mid-late 1990s though most people hadn't upgraded to the newish tech yet
Funny, he didn't thought-up. He brought up
This whole thing aged so poorly and it’s just fantastic to watch.
They used to have "big ticket blockbuster movies" now thier failures stem from no movies anyone wants to see.
Thats because all the big studios stopped putting their stuff on Netflix because they want their own streaming services. That's the new model. Every channel, studio, news station, wants to start a streaming service
@@dylanfarnum4121 which means I don't see most movies any more. No movie is worth paying for another monthly subscription
Why they do Puddle Cruiser like that tho? from the guys that brought you Super Troopers
Everyone is cancelling Netflix. Lol.
Omg i forgot they had DVD’s.
I had Netflix from day one!
We had to mail the DVD’s back….
Why does this feel like 100 years ago?
If Reed Hastings knew then, what we know now....
I've been looking for Phoenix
I think. It's not for sale,
It's old movie. // not flight of. Pheonix
The man Don Cheadle played in hotel Rwanda was tricked in going back to Kigali and was immediately put under arrest.
And this is relevant because….?
What! I just heard MYSPACE! lol
Omg omg i didn’t know you can rent movies at Netflix 🙈🙈🙈🙈
Wow, how much has changed
Netflix is a distribution dinosaur. Been screaming this for years.
Netflix will be the next blockbuster
The blade runner movie poster signifies the future
&&&& never knew Netflix started off with DVD . . ❤️❣️🤞💯
So old school!
Most Netflix movies are really old I can’t ever find any good new releases
I need to return my DVD I rented in February.
I like to buy DVD's. I don't like the digital downloads. I want to watch movies over and over if they are good. The only place so far that I can buy DVD's is walmart. I am sure they will go to download soon. I hate that.
Let me introduce you to a thing called Amazon.
@@ld4974 tell me more
Netflix is going the way of VHS to DVD's
I forgot that Netflix used to rent games
Its the beginning of the end
This is a resurrection attempt!