How Netflix Bankrupted & Destroyed Blockbuster [Infographic]

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.

Before we get to the infographic, lets flash back to August, when Blockbuster declared bankruptcy and I asked, “Did web video bankrupt Blockbuster?” Back then, a little over half a year ago, a company spokesperson said, “We have every reason to believe we will come out of the recapitalization process financially stronger and more competitively positioned for the future.”