No matter if you like it or not, Blockbuster, an important icon in the home entertaining business, might not make it alive out of the current economic crisis. Netflix is dominating the movie-renting business as the company has rapidly adapted to our current needs. More movies are coming our ways from Netflix than from Blockbuster. Netflix has introduced video streaming and now you will be able to get some of your favorite business straight from your computer. Blockbuster failed to follow.
In a recent SEC filing the company said that there’s serious risk that it wouldn’t be able to refinance its debt and therefore there’s “substantial doubt” about “its ability to continue”. What about you? Are you still renting movies from Blockbuster?