Originally Posted by gamermwm
It's not digital media that killed it. And physical media is not at all obsolete. Red Box is just undercutting everyone w/their prices and THAT is why the competition is all but obsolete, in fact several small video stores I've been to all complain about Redbox driving everyone out of business too. Vudu and iTunes are still way more expensive for renting/streaming new releases at 5.99 and that would be even more of a niche market anyway if the studios didn't hold certain new titles away from Netflix/Redbox for a certain length of time forcing you to either buy the movie or rent it at 5.99 for the first month it's out. There is also the option to get a digital copy from someone who bought the movie and just pay a cheaper amount for their UV code but that is certainly not a mainstream practice at least not enough to kill off the rental services
No, what killed BB is shortsightedness and a complete lack of ability to see things coming and adapt.
A decade ago they had a chance to buy Netflix and opted to pass.
When Red Box was just ramping up, they could have hit them with a full court press and dominated before they could have gotten a foothold. Instead, they allowed Red Box to quietly entangle themselves into prime locations where people can easily impulse rent a movie on the way home from the grocery store or other shopping areas. For that matter, they even let Walmart's failed attempt wreck their chances at it, too.
That doesn't even take into account streaming, which they waited on until they were already circling the drain.
They had plenty of chances to turn the ship around, but instead, they just keep rolling full steam ahead into the iceberg...king of the world to dead in the water.