blockbuster

Stats show that folks are moving away from the television and spending more and more time online. Does that mean video is dead? NO!! It’s just being consumed in a different way. Blockbuster didn’t go bust because people don’t want to watch video anymore, it went bust because the company did not evolve with the times.

Services like Netflix at $8/month are offering movies and tv shows online (granted they’re a little dated but it’s getting better). You can buy full seasons of shows and movies from iTunes for the cost of your morning coffee.

Then there’s the movie kiosks. I’m getting groceries and on my way out I can pay $2 and get a DVD rental? Why would I make a special trip to a store and pay 4x as much?

Sorry Blockbuster, it doesn’t make sense and when you don’t evolve with the times, you get crushed.

Lesson? All Businesses MUST evolve.. even the big giant ones.

Now let’s all take a moment and remember what was…

 

and when that moment is done let’s switch tabs and finish watching Arrested Development on Netflix.

RIP Blockbuster 🙁

 

 

3 comments on “Internet Killed the Video Star?

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