(Answered) : Blockbuster After struggling with debt and strong competition from Netflix and Redbox, Blockbuster, Inc. filed for bankruptcy

Blockbuster

After struggling with debt and strong competition from Netflix and Redbox, Blockbuster, Inc. filed for bankruptcy in September 2010. This was a sad end for a company that had dominated the movie rental business in the 1990s. Blockbuster Inc. was founded by David Cook in 1985 with its first rental outlet in Dallas. Cook planned to take advantage of a highly fragmented video rental market, in which most of the stores were relatively modest family operations that carried a small selection of former big hit movies mainly due to the high cost distributors typically charged (about $65 per tape). With