Blockbuster’s Bankruptcy Back in September of 2010, Blockbuster was forced to file for Chapter 11 bankruptcy after failing to compete with the rise of similar companies like Netflix and Redbox. Once a strong corporation that defeated local movie stores, Blockbuster is now being overtaken by the new and more modernized versions of movie rental. The… Continue reading The Decline Of Blockbuster And Rise Of Netflix
Tag: Blockbuster
Netflix Shakes Up UK Movie Rental Market
As expected the arrival of Netflix to the UK movie subscription market is already causing significant changes to the industry. Having launched a month ago and made clear its intention to take on the likes of Lovefilm and Blockbuster it is clear that Netflix is keeping the established players on their toes. Netflix launched with… Continue reading Netflix Shakes Up UK Movie Rental Market
Netflix Axes Its DVD Spinoff Qwikster
In a strange turn of events, Netflix cancelled its plan to launch its spinoff company Qwikster, which it announced only a few weeks ago in September. The idea was to rename the DVD-by-mail business Qwikster, while the instant streaming service would keep the well-established name, Netflix. But now, this is no longer happening.
Why Big Businesses Are Filing Bankruptcy
It is crucial to stay on top of technology and ahead of your competition. When Amazon and e-readers came about, Barnes & Noble increased its online inventory and launched the Nook. However, its competitor Borders did neither. Ultimately, Borders filed for chapter 11 bankruptcy.