Blockbuster’s Downfall

Bloackbuster is America’s No. 1 video rental chain. But the company is struggling and on the way out. As far the studios are concerned, other than collecting the money that Blockbuster owes them for past movies, the video chain has little relevance to their future. Viacom perspicuously divorced itself from Blockbuster by spinning it off to its shareholders, and, as one Viacom executive told me, “Blockbuster will certainly not survive and it will not be missed.” It is another zombie in Hollywood.