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May 4, 2023 · In order to avoid the same fate as Blockbuster, businesses must prioritize innovation and constantly look for new ways to serve their customers. Reason #2: Failure to Adapt to Digital Streaming
May 5, 2011 · The Ontario Superior Court of Justice appointed consulting and accounting firm Grant Thornton Ltd. as receiver, according to documents filed Tuesday. Empowering it to “take possession of and exercise control over” Blockbuster Canada’s assets, Grant Thornton has effectively been given control over the film and video game rental chain’s ...
Sep 1, 2011 · Blockbuster Canada’s remaining stores are set to close soon and 2,300 more jobs at the national movie rental chain are about to disappear, victims of the digital movie revolution. Sept. 1, 2011 ...
Sep 23, 2010 · Video rental giant Blockbuster Inc. is filing for bankruptcy protection in the United States, but its Canadian operations say they’re not affected by the reorganization.
Aug 31, 2011 · The receiver in charge of selling Blockbuster Canada wants a court order to shut down the movie rental company's 253 remaining retail locations, saying Wednesday it had been unable to find a buyer ...
However, this did little to save the chain. Dish soon made the decision to close all remaining company-owned Blockbuster stores and terminate its video-on-demand service by 2015. Just like that, almost all of Blockbuster’s locations shuttered practically overnight. Today, only one Blockbuster store remains standing in Bend, Oregon.
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Jan 31, 2024 · January 31, 2024. Blockbuster, a titan in the video rental market, faced a dramatic demise that serves as a lesson in business evolution. The rise of Netflix, technological advancements in digital streaming, and changing consumer behavior played pivotal roles in why Blockbuster failed. John Antioco and his team struggled to adapt their strategy ...
