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How Netflix Destroyed Blockbuster

Once upon a time there was a store named Blockbuster, ruler of all video rental stores. No one had a kingdom bigger than Blockbuster, not even Hollywood Video. This time was a simpler time, a time when years went by between a movie being in theaters and being released on VHS. Yes that’s right this is the time of the VHS and of late fees. However as time passed there had to be a change, people wanted DVDs and would no longer accept the cursed late fees.
However as time passed and these reforms would become the smallest of Blockbuster’s worries. There was a new light rising in the world of the internet, Netflix and their much cooler red color. Netflix new what the people wanted, they wanted their movies delivered to them and they wanted as many as they could get in while paying a set price each month. As Netflix expanded its library it expanded its grasp on the movie and television watching crowd as well. So there after came instant streaming and total domination. Leaving Blockbuster with nothing to do but surrender and claim bankruptcy.
Today’s infographic entitled How Netflix Destroyed Blockbuster shows just how popular Netflix has become and how far Blockbuster has fallen. Once having drawn in $6 billion dollars in revenue, Blockbuster now owes millions to companies like Fox, Warner Brothers, and Sony. With their radically different business model and youthful appeal Netflix showed how a small company can come in at any time and take out a giant.


Comments

rose said…
I didn’t like that new releases were not available right away with Netflix. Blockbusters new releases come out 28 days before Netflix. With Blockbuster you get thousands of movies for only 99 Cents. Alongside the 99 cents, they are launching single day pricing that lets customers decide how long they want to keep their movie. Right now Blockbuster is actually offering a promotion where customers can receive unlimited movie rentals for free in the stores through July 4. Working at DISH Network I can tell you if you switch over to DISH you can get Blockbuster free for 3 months. You get unlimited movies, TV shows, and games through the mail and 5 in-store exchanges per month. With DISH Network you great deals and offers. Go to this link to check out more http://goo.gl/wuMrN . With there prices going down to match Netflix there is no reason to go back to Netflix. Netflix may have destroyed Blockbuster in the past, but Blockbuster is coming back.

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