The Rise And Fall Of Blockbuster

Once valued as a $3 billion company, Blockbuster owned over 9,000 video-rental stores in the United States. But in 2010, after turning down the chance to buy Netflix, Blockbuster filed for bankruptcy with almost $1 billion in debt. So, what happened?

------------------------------------------------------

#Blockbuster #Movies #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.


The Rise And Fall Of Blockbuster

[retronessisfabulous]

Gotta admit, going to Blockbuster on a Friday night was one of the best feelings of being a kid!!

[TheRealCaptainFreedom]

The story of Blockbuster laughing at buying Netflix for just $50 million needs to be made into a Netflix movie.

[FinancialShinanigan]

Basically Blockbuster failed to innovate and pivot.

[miashaee]

Millennials didn't grow up with CDs and DVDs? I'm a 36 year old millennial, so did. -_-

[breadcrumbhoarder]

I rented a movie right before my local blockbuster closed and we never had a chance to give it back so I ended up keeping it, it was aloha scooby doo lmao

[vegetassidechick]

Blockbuster stores smell will forever be engrained in my memory.

[uthmanbaksh]

I find it super annoying when experts refer to the Gen Z crowd as Millenials. Millenials remember a time without the internet. Gen Z does not.

[rescueninja]

This is what happens when you have “old fashioned - traditional” leaders who have no innovation and REFUSED to change.

[Realistic]

i honestly miss physically going to Blockbuster and walking around to see what i’d want to choose....i’d still prefer doing that today, instead of just watching anything on my phone 😆

[brianhutchinson]

I remember going in on a Friday or Saturday to rent movies and video games.

[JustADioWhosAHeroForFun]

I'm not even American, I still feel sad tho

[RSHekscher]

That’s what Jeff Bezos always preaches: “Lean towards the future, not away from it. The future will always win eventually”.

[darthnacho]

When they tore down my local blockbuster, my dad ran over and got their movie return drop-box out of the trash and we used it as our mailbox

[NicholasKaighen]

The fact of the video is that Blockbuster passed up a deal with Netflix in favor of a partnership with Enron, and thats just funny.

[davinp]

Blockbuster was so focused on their physical stores, that they fell behind in technology and the internet.

[JacksonWelch]

Blockbuster: We're making so much money!
Netflix: I'm about to end this mans career

[RedRoseSeptember]

Kids today will never know the satisfaction of browsing through a video rental store :( I used to love going to Blockbuster as a kid, my sister and I would go down each row and talk about the movies we wanted to see and pick some to rent for the night. It was always fun, not to mention it was even better when parents allowed us to pick whatever candy we wanted to take home, and let's not forget the gumball machines!!!

[LakeHowellDigitalVideo]

The next episode: The Rise and Fall of GameStop.

[fabrizio]

They had a good run. Nothing lasts forever.

[dharr]

failure to innovate, that is the same thing that happened to K-Mart and is happening to Sears