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why blockbuster video fail

Blockbuster Video, the once-dominant video rental chain, failed for several reasons, including:

Increased competition: Blockbuster faced increased competition from online streaming services such as Netflix and Hulu, which offered a wider selection of movies and TV shows at lower prices.

Failure to adapt to changing technology: Blockbuster was slow to embrace the shift to online streaming and digital downloads, which ultimately led to its decline.

Poor business decisions: Blockbuster made several missteps, such as its decision to impose late fees on its rental customers, which led to a decline in customer satisfaction and loyalty.

Financial struggles: Blockbuster was also plagued by financial struggles, including high levels of debt and decreasing profits, which ultimately led to its bankruptcy and downfall.

Overall, Blockbuster's failure can be attributed to a combination of factors, including increased competition, a failure to adapt to changing technology, poor business decisions, and financial struggles.