Blockbuster filing for bankruptcy in Portugal. Blames piracy — not managerial incompetence or failure to get on the digital bandwagon sooner.

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by Mike
Posted February 10th, 2010 at 8:33 am

As if we didn’t see this one coming…

Blockbuster is filing for bankruptcy in Portugal. Why does that matter to us here? It doesn’t really. But it goes to show how a company stuck on old business models and resistant to embracing new technologies kills itself. If Blockbuster had moved to some form of Netflix solution or even to a more digital business model, perhaps their pockets (and stores) would be a tad more full, hmm?

Once riding high on a 100 store army in Portugal, Blockbuster is now a mere 1/4 of what it used to be — a paltry 27 stores left. Out of those 27 stores, 27 of them are finding it hard to keep the lights on at night.

Can’t say I’m disappointed though. I haven’t rented a movie in ages. And why would I? I have at least half a dozen gadgets that allow me to rent, buy, and stream whatever movies I want from my couch. See ya later Blockbuster. As your image and name slip into the depths of irrelevance, I’ll try my best to look back to a happier time when you were the center of my multimedia life.

Think they’ll pull out of bankruptcy and re-emerge leaner and meaner? Or do you wish they’d just die already?

Engadget

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