Wednesday, November 6, 2013

Blockbusted

(11/6/2013) I love the title Huffington Post gave in this news: Blockbuster will close its remaining 300's retailer stores. It will close its mail DVD distribution business as well. Once the largest DVD rental company, Blockbuster filed bankruptcy in 2010 after the economic downturn in 2008. DISH network (a satellite TV distributor) bought Blockbuster to better compete Netflix, but it seems DISH cannot find a new formula to save this company either. It shows that it is really to undercut yourself (blockbuster) when the enemy (Netflix) is invading in full forces, farewell Blockbuster.


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