Link: http://www.wired.com/epicenter/2010/08/internet-fail-blockbuster-reportedly-plans-bankruptcy/
We all knew this was coming, apparently the company is going to try and restructure and come out of this but I don't give 'em much of a chance.
- by RobJust as video stores once failed to compete with Blockbuster’s larger inventory, the retail chain now can’t compete with Amazon, Netflix, on-demand cable-satellite, and other means of delivering video entertainment that don’t involve going to a store — even as it struggled to keep up, offering DVD-by-mail option.
The irony must be bitter for Blockbuster that as it was preparing for a potential bankruptcy, its once-upstart competitor Netflix was busy ramping up with an iPhone app that streams movies and television shows directly to Apple’s popular devices.



























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