James Surowiecki has an interesting piece in The New Yorker explaining why Blockbuster -- originally one of the category killer stores that eliminated all independent competition and freckled American suburbia with its presence -- finally admitted the inevitable and rolled over and died.
What happened? Apparently Blockbuster, which in previous years had made a fortune with its brick-and-mortar stores and insisted on this business model, didn't think the Internet was that big of a deal. But when Netflix and Amazon began to offer an insanely huge variety coupled with the ability to keep a movie for as long as you wanted while giving its customers some useful advice via a Recommendation Engine, Blockbuster began to lose its place as the only alternative customers had.
The coup de grâce? It was finally delivered by Redbox, when it began offering new Hollywood releases for just a dollar.
|Draining the Mediterranean Sea|
|Documentary on the World's Largest Model Railroad|
|PetCeption: YouTube Channel Featuring Animal Perspective|
|How Big Is Space?|
|The Smartest Dog in the World|
|“There are over a billion people who have no access to energy what-so-ever.”|
|“How do you communicate wirelessly with WiFi using only plastic?”|
|The 24 Carrot Cake|
|“Tesla's Model S has outsold traditional high-end models from established European brands.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“We estimate the dynamical lifetime of the Tesla to be a few tens of millions of years.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|How to Avoid Jury Duty|
|The (Very Scary) People of Public Transit|
|“We are considering public transport free of charge in order to reduce the number of private cars.”|
|“Facebook is a declining power.”|
|“What happens when anyone can make it appear as if anything has happened, regardless of whether or not it did?"|