Chapter 491: Solution
【Anti-theft Sticker Chapter】
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
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For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the competition in the North American videotape industry becomes more and more fierce, Blockbuster's late fee system is becoming more and more outdated.
For a chain store like Blockbuster, which mainly deals in video tape rental, the most expensive part of the cost is the warehousing and logistics related expenses of video tapes. The purchase price of a box of video tapes for rental may only cost $15, but the cost of warehousing and logistics during the operation cycle can be as high as about $50 to $60.
In order to speed up the turnover of videotapes between users as much as possible, so as to reduce the number of videotapes purchased and the pressure of warehousing and logistics, and also to obtain more benefits, Blockbuster has launched a late fee system.
Rental tapes are usually available for 7 days, after which they will have to pay a late fee on a daily basis.
In the original timeline, Netflix repeatedly attacked Blockbuster, which was the late fee system of the video chain that consumers hated, and also concocted the story of the founder who created Netflix because he paid a $40 late fee for a box of "Apollo 13".
In fact, the story was completely apocryphal, and Blockbuster almost sued Netflix for it. For Netflix, this has worked very well.
Because late fees are indeed a weakness of Blockbuster.
After taking a stake in and taking control of Blockbuster, Simon alerted Nancy Brill and Blockbuster's management to the issue of late fees.
However, in the early stage of BesTV's development, late fees did play a very effective role, so this system has been implemented.
However, as the North American videotape industry became more and more competitive, Blockbuster's late fees came at a timely time.