Movie Rental Stores That Went Out Of Business. Once upon a time, the video store was a hub of entertainment and memories. “it was actually totally sustainable, but [the owner] was checked out.
Though some specialty video rental shops survive, the golden age of the video store is over. The seventh building block of creating an exponential business, algorithm to the core, is one that netflix has played out perfectly. There are still plenty of ways to borrow a flick, in physical and digital formats alike.
If you live outside middle america, you probably haven't heard of family video, which has roughly 770 stores mainly in the midwest and canada.
We all know what happened next. In the 1970s the company started getting squeezed: But, in 2010 blockbuster filed for bankruptcy with almost $1 billion in debt because it failed to keep up with. Well, the traditional movie rental, anyway.
