Blockbuster Blames 'Piracy' Rather Than Bad Strategy For Bankruptcy In Portugal
from the gotta-blame-someone dept
paperbag was the first of a whole bunch of you to send in the news of Blockbuster declaring bankruptcy in Portugal and claiming that it's all the fault of those darn kids and their downloading. Well, more specifically, it blames the government for not doing enough to stop the sun from rising every morning... I mean, from stopping people from engaging in unauthorized file trading online. This is just an excuse for a company that failed to execute. The number of folks accessing unauthorized movies online is still a blip, and almost certainly had little impact on Blockbuster's bottom line. The simple fact is that Blockbuster, worldwide, has done a really poor job of adapting to a changing world.