Blockbuster officially file for bankruptcy, a lesson to learn in business
By kingparker
@kingparker (9673)
United States
September 29, 2010 4:43am CST
You might all know that Blockbuster officially filed for its bankruptcy, and it will remodel itself after this bankruptcy, and I hope that once they come in this market again, they can be adaptive and innovative. Netflix has a great model to adapt to this market. Once they knew that their mail - in DVD business model soon to be "dinosaur", they invested heavily in online movies. They did a great job on seeing the change this market. I think blockbuster should learn a lesson from this again, and know what they are doing.
3 responses
@puccagirl (7294)
• Israel
29 Sep 10
Yes, I heard about this on the news this morning. I have to say I was a little bit surprised when I heard it, because I did not know they were in trouble, but when I thought about it some more, I saw that it made sense...
@kingparker (9673)
• United States
29 Sep 10
hey, this is a volatile marketplace, along with the changing technology. We always opt for convenience, and we have to foresee the customers behavior to make important business decision. So, what netflix does is survival. See how many of us will log into youtube a day, and how much we enjoy online movies.
@kjones505 (271)
• United States
1 Oct 10
This reminds me of those companies who fail because they refuse to adapt to new technological standards.
Blockbuster should have used their capitol to take advantage of the new technological advances in media distribution and sharing. They had to see this was coming. Why didn't they prepare for it? Did they think their system would truly survive in a time where digital media distribution services like Itunes and OnDemand entertainment are thriving?
@o0jopak0o (6390)
• Philippines
29 Sep 10
well havent really used netflix or blockbuster but i have read somewhere that 15 years ago blockbuster is the best 15 years ago.
