Same entertainment need. A different way to pay.
Netflix makes 70% more revenue per customer than Blockbuster did at its peak. Not because Americans suddenly decided they needed more culture in their lives. Not because they have bigger entertainment budgets. But because Netflix changed how customers pay...
The comparison: Blockbuster in the US in 2000 charged per movie, per day. Netflix in the US in 2025 charged a monthly subscription for unlimited viewing. Annual revenue per customer: $92 for Blockbuster, $156 for Netflix.
Same entertainment need. A different way to pay.