Blockbuster: A Canary in the Media Coal Mine?
underlying image courtesy TheBridgemaker.com I was in New York yesterday visiting a friend who just moved to the area. During a tour of his neighborhood, we stopped to see if there were any good deals at a Blockbuster Video that was closing. It sparked a discussion of Blockbuster’s business model and why they were struggling for survival. My friend was surprised to hear that Blockbuster may end up in bankruptcy, and he commented that it seemed like they had kept up well against Netflix with their online DVD rental service. I pointed out that it had turned out to be…