Posts Tagged ‘Blockbuster’

How Netflix Bankrupted & Destroyed Blockbuster [Infographic]

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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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Did Web Video Bankrupt Blockbuster?

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BlockbusterBlockbuster 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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