Skip Nav
Gift Guide
11 Cozy Gifts Under $100 That Spread Instant Cheer
Holiday Living
This Japanese Gift Wrapping Method Takes 15 Seconds
Gift Guide
18 Affordable Gifts From Target For Everyone on Your List

Blockbuster Bankruptcy News

The Most Shocking Effect of the Recession in 2010

Another year passes, and more tales of bankruptcies and unexpected aftereffects of the recession emerge. It was a close call, but SavvySugar readers voted Blockbuster going bankrupt as the most shocking effect of the recession this year. Blockbuster beat out surprising trends like single, older women moving in together to save money, millionaires gobbling up McDonald's to budget, libraries turning into for-profit entities, as well as Warren Buffett saying we should tax the super wealthy (like himself).

It seems that although people are turning to online rentals and streaming services because of convenience and speed, Blockbuster still holds a special place in America's heart. I'm sure plenty of you have great memories of the famous blue and gold store and are used to seeing it around. However, changing times means a change of guards, and Netflix now holds the title as the gatekeeper to entertainment. I'm betting former Blockbuster CEO John Antioco regrets laughing at and turning down Netflix's offer to partner up in 2000.

Source: Flickr User jswafford

 

Around The Web
Join The Conversation
Blockbuster Bankruptcy
TiVo Owners Can Now Rent and Buy Blockbuster Movies
Blockbuster Announces an On-Demand Movie Service!
Dashbuster is an iPhone App for Managing Your Netflix or Blockbuster Queue
Daily Tech: Hulu to Get Cell Phone Friendly?
Which Online Movie Rental Service Do You Use?

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds