PREVIEW

... ffett had always been confident in the video rental industry. To that end, he had closely studied Blockbuster's data. From the mid-1980s onward, the profits generated by the video rental sector had rivaled box office revenues. With 3,000 locations, Blockbuster was undoubtedly the "Walmart" of video rentals.

The company's annual profits were hardly less than those of the seven major Hollywood studios. Moreover, this video rental giant boasted a substantial cash flow, which Buffett found p ...

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