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Why did it fail while Netflix succeeded?

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Why did it fail while Netflix succeeded?

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Blockbuster's inability to adapt to the changing market conditions, poor customer service, high rental fees, and inability to understand and adapt to client preferences resulted in its downfall.

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Blockbuster's inability to adapt to the changing market conditions, poor customer service, high rental fees, and inability to understand and adapt to client preferences resulted in its downfall.

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by offering a monthly subscription model with unlimited rentals, Netflix was able to provide greater value and convenience to customers, making it more appealing than Blockbuster's rental model. Blockbuster had poor customer service and high rental fees, which made it difficult for customers.

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by offering a monthly subscription model with unlimited rentals, Netflix was able to provide greater value and convenience to customers, making it more appealing than Blockbuster's rental model. Blockbuster had poor customer service and high rental fees, which made it difficult for customers.

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After years of growth in the late 90s and early 2000s, Blockbuster faced a series of challenges as streaming became more accessible which would lead to the company going bankrupt and closing all but one of its stores.

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Blockbuster was slow to adapt to emerging technologies and consumer preferences. 

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Blockbuster was slow to adapt to emerging technologies and consumer preferences. 

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you can watch unlimited movies every day and every month.

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YAHOO.   The problem they had is that they left aside the need to improve the user experience.

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YAHOO.   The problem they had is that they left aside the need to improve the user experience.

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The company overestimated the strength of its brand and believed it could arrive late to the smartphone race and still win. In 2008, one year after the first iPhone release, Nokia finally decided to compete with Android, but it was too late. Their products weren't competitive enough.

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because children hardly play with toys anymore

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because children hardly play with toys anymore

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Toys R Us

It was the largest company in the world and in 2022 in Spain it entered bankruptcy proceedings because it was in debt

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because children don't have imagination anymore, now they only play videogames

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because children don't have imagination anymore, now they only play videogames

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kodak, they didn´t invest in digital photogrphy quickly like some others, they are bankrupt

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kodak, they didn´t invest in digital photogrphy quickly like some others, they are bankrupt

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Because they had a large debt load, and various crisis including COVID-19, hit its buisness even harder

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New social networks have appeared