How did technological advancements impact Blockbuster?
Technological advancements significantly impacted Blockbuster's business model. The advent of broadband internet and improvements in streaming technology allowed companies like Netflix to provide on-demand video services directly to consumers' homes. This convenience, combined with a vast library of content, made streaming services highly attractive. Blockbuster's late entry into the online rental market and its failure to develop a competitive streaming platform left it lagging behind its competitors.