WORST IDEAS 9/22/10: Blockbuster files for Chapter 11

Not hard for anyone not in Blockbuster management to see this one coming as the writing has been on the wall pretty much since the Internet became common. Once a healthy business that involved renting videos and later DVDs, Blockbuster fatally stuck with that model even when it became obvious that customers were not going to have to visit a store to rent a video. In the last 15 years, Blockbuster could have used its customer base and prime real estate to become somthing else. Instead, they stuck with selling saddles and buggy whips while the cars drove all around them.

Blockbuster files for Chapter 11 - Denver Business Journal