Digital Home Thoughts: Bankruptcy, Coming Soon to a Blockbuster Near You

"After dominating the home video rental business for more than a decade and struggling to survive in recent years against upstarts Netflix and Redbox, Blockbuster Inc. is preparing to file for bankruptcy next month, according to people who have been briefed on the matter."

The writing has been on the wall for this one for a while now. I'm sure Blockbuster will be a case study in business textbooks in the future as a lesson to never be too comfortable as market king. They unfortunately used their leadership position to abuse their customers and were far to reactionary to major changes in the market. Redbox and Netflix have just torn them apart.