
Calling it the new Blockbuster Movie Pass will allow customers to stream more than 3,000 movies to a television and more than 4,000 movies to a personal computer.

Calling it the new Blockbuster Movie Pass will allow customers to stream more than 3,000 movies to a television and more than 4,000 movies to a personal computer.
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Mui points out that Hastings built the DVD business that toppled Blockbuster. He was motivated by a big idea “that mailing people DVDs was a mere way station on the road to streaming video.”

The days of standing in line waiting to pay for your Friday night video at Blockbuster are over. That’s right, the video rental company has filed for Bankruptcy last summer and has now put itself up for sale for the embarrassing starting price of $290 million. A new infographic from Online MBA Programs shares some interesting stats in favor of the idea that Netflix played a major hand in the downfall of Blockbuster.
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Blockbuster ruled the home video rental industry for over a decade but, according to the LA Times, the video giant will be filing for bankruptcy in a couple of weeks. The mid-September “pre-planned” bankruptcy might not come as a surprise to folks that have followed the growth of DVD-rental by mail services like Netflix and kiosk rentals like Redbox. But Blockbuster still managed to hold it’s own through years of these services being available. It’s only following the recent rise of online rental and web video streaming services that Blockbuster is finally throwing in the towel. Is web video to blame for the demise of Blockbuster?
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