Did Web Video Bankrupt Blockbuster?


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.

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