Tuesday, September 28, 2010

Why the Blockbuster Bankruptcy


Blockbuster was always a big deal in the 90's when it was own via viacom. Then in 2004 it was spun off on its own. The investors were told there was a bright future for this company. However, HDRKID said that it would go bankrupt, and it did but not right away. Here is the reason. Try to remember back in the 80's there was a record store on every corner. Where are they now? People started downloading MP3 off the internet. The ipod killed the record companies. Well, we have a similar situation that cause Blockbuster to go bankrupt due to people not renting movies.

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