In 1994, Viacom bought Blockbuster for $8.4 billion. In 2000, the year after its IPO, Blockbuster turned down an opportunity to buy Netflix for $50 million as it failed to recognize the opportunity to move online quick enough. In 2004, Blockbuster had 9000 stores and in 2019 only had one store in Bend, Oregon. The store in Bend is still open today and has over 400 thousand Twitter followers.
