I have come to believe that the whole world is an enigma, a harmless enigma that is made terrible by our own mad attempt to interpret it as though it had an underlying truth.
This is a good example of "creative destruction" as Joseph Schumpeter called it. Netflix simply has a better business model than Blockbuster, and Blockbuster was unable to adapt to the new environment quickly enough to survive. Therefore it gets eliminated, and the better company thrives.
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
The ghost of Jack Kevorkian for President's Physician: 2016
They will not be going away I am sure. The way the bankruptcy laws are, they will "reorganize" which essentially means they will stiff their creditors and continue operating their antiquated business until they run up enough debt to go bankrupt again.
From the ashes.