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Technology companies and giants have come and gone over the years. A business has to do more than just keep up with the age to succeed in the ever-changing world of technology.
We were the most fascinating firms that came under, even though in the heyday they were at the top of the business.
Technology companies that failed: Blockbusters case
Blockbuster Video, the giant for home film and video games rental facilities, was founded in 1985. One of the most popular names in the rental sector. Blockbuster had 84,300 staff globally at its peak, in 2004 and 9,094 stores. In 2010, Blockbuster filed for bankruptcy without a transition to a digital format.
Netflix approached Blockbuster in 2000 with a bid to sell the business for US$50 million to Blockbuster.