Lessons Leaders Can Learn From Blockbuster's Demise

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The home video revolution grew to a burgeoning industry in the last decades of the 20th century and Blockbuster was at the forefront of delivering video content to consumers.

However, several missteps along the company's history sent it along a path of decline to the present where the single remaining 'store' is more like a museum that doubles as an Airbnb.

Key Catalysts Leading to Blockbusters Downfall

  • Exorbitant late fees
  • Failure to see and capture the rise of online distribution
  • Technical advances that it failed to embrace

It can be said that it was a perfect storm of shifting market preferences, faulty corporate decision-making, and technological evolution that ultimately left Blockbuster in the dustbin of corporate history.  

Related: Lessons in Leadership: Peter Moore and Next Generation of Gaming

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Today, streaming is king, and the landscape includes players like Apple ( (AAPL) - Get Apple Inc. (AAPL) Report), Disney ( (DIS) - Get Walt Disney Company Report), Netflix ( (NFLX) - Get Netflix, Inc. (NFLX) Report), FuboTV ( (FUBO) - Get FUBOTV INC. Report),  and more.

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