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Blockbuster files for bankruptcy

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09-24-2010

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Re: Blockbuster files for bankruptcy

Quote:

Originally Posted by RawAlex

Toby, if it was only video stores and netflix, blockbuster would survive just fine. There is plenty of market there. However, the reality is that piracy killed the market down enough to where the 30% of the pie that blockbuster would get is no longer enough to sustain their business (1 billion in debt). Yes, Netflix took a lot of market share from them, but piracy shrank the size of the market.

"The Hurt Locker" being a good example of this.

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