Forbes reports that Hastings was "laughed out of the room" when he reportedly proposed to Blockbuster that his small company should run its brand online. But Hastings certainly had the last laugh, as Netflix soared in popularity while Blockbuster struggled and eventually closed down in 2010. There is only one store remaining in Bend, Oregon, which now attracts visitors from around the world as a living history museum.

Proving its worth even more, discover How Netflix conquered the world and its future plans

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