Tell me a bit about Blockbuster.
Blockbuster LLC was an American-based provider of home movie and video game rental services through video rental shops, DVD-by-mail, streaming, video on demand, and cinema theater. It was one of the largest video rental chains in the world, with thousands of locations worldwide, operating from 1985 until its decline in the early-2010s. Blockbuster became widely known for its distinctive blue-and-yellow logo and for its innovations in the rental industry, such as the establishment of late fees for rental movies. The company filed for bankruptcy in 2010 and was ultimately acquired by Dish Network in 2011. Today, the Blockbuster brand is primarily used by Dish for its digital video streaming services.
Why did it decline?