Marissa Anwar remembers her childhood weekend ritual: Excitedly walking seven minutes with her brother to the local Blockbuster store in Waterloo, Canada, to…
The celebrity news blogger Perez Hilton shared that the site was live earlier this week, and news outlets such as the Daily Mail and MarketWatch added to the buzz.
Blockbuster’s collapse is often taught as a cautionary tale about the failure to evolve, and is the subject of books, research papers and even throwback memes. Some scholars have pointed out the company’s possibly fatal decision to pass on acquiring Netflix for a reported $50 million in 2000, as well as its refusal to stop charging late fees when competitors had already done so, as reasons for its demise.
Both Anwar and Leaver remember picking out films to be a social event that required compromise. Now, the average American household has between four and five streaming services, according to the consulting company Kantar.
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