From Blockbuster to blockbusted
(Blog Post) Blockbuster's problems, in larger part, are of its own making. The company took on too much debt, and was slow to adjust to a changing technology landscape. As the L.A. Times' Ben Fritz reports, "In the second quarter [Blockbuster] lost $39.7 million and saw its revenue decline 22 percent while competitors Netflix and Redbox reported that their revenues grew 20 percent and 110 percent, respectively." Full Story »
Posted by Kaizar Campwala
