It looks like the bottom has finally fallen out of Blockbuster. After numerous failed attempts at attracting new customers, the company is finally spiraling out of control.
Sad as it is, the end is near for Blockbuster, and all that pressure it has been placing on Netflix will be lifted.
Blockbuster Video was one of the exclusive supporters of Blu-ray in their stores. This turn of events could possibly have an impact on the format war between Blu-ray and rival HD DVD. Only time will tell.