The art of life is a constant readjustment to our surroundings – Kakuzo Okakaura
Blockbuster, once the dominant DVD franchise, has fallen into bankruptcy in an era of other video options.
In Blockbuster’s case, it was streaming service and mail-order movie service that possessed the foresight that Blockbuster lacked. And while its competitors steadily gained market share through novel and innovative approaches, Blockbuster remained defiantly steadfast in its profound reliance on a brick-and-mortar business. In other words, Blockbuster was neither proactive nor reactive in its strategy, and an obviously failing business model was never materially adapted to sweeping environmental changes.
Who will be the next victim? Is streaming video now going to kill its predecessors?
For production companies, the rise of digital streaming capabilities isn’t necessarily good news. Movies in physical form are still far more profitable than streamed versions. But now it seems that streaming video is killing its predecessors. It’s easy to see why – viewing a movie on a streaming service costs a fraction of the price of viewing a movie on disc.
The days of the digital versatile disc may well be coming to an end, but pronouncing it officially dead as of 2012 may be a bit hasty. The online education site TheDegree360 pulled reports from several sources to produce the infographic below. The graphic does give some perspective on just how dominant streaming video has become:
Short URL & title:
Change is inevitable and require companies to reinvent themselves — http://www.torbenrick.eu/t/r/xtu
If you enjoyed this article, please take 5 seconds to share it on your social network. Thanks!
Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement and development and change management. International experience from management positions in Denmark, Germany and Switzerland View full profile