To the surprise of absolutely no one, Blockbuster Video has filed for bankruptcy.
The leaps and bounds by which the business of disseminating video content has improved in the last three decades is really pretty astonishing when you think about it. I can remember looking at shelves of Betamax videos of Star Wars in the early 80's that sold for around $60. Now I have unlimited instant access to more movies and TV shows than I will ever watch, plus unlimited DVD delivery, for less than $20/month.
One wonders what could happen to, say, the auto or airline industry if companies were actually allowed to rise and fall with the same meteoric trajectory as Blockbuster was.