Perhaps if they would have actually put money into innovation and offering better services, they could have saved themselves.
Services like Hulu are the future. On demand, convenient, with little advertising. You can't get much better than that -- and Hulu is, for the most part, faster than torrenting. Indeed, the more media that finds its way onto Hulu, the less I torrent.
Why didn't blockbuster see this coming? They probably had the infrastructure and capital to pounce all over this market, or even create it themselves. Instead, they pissed the opportunity away.
Weren't the execs suppose to "envision the future?" Be innovative, and all that? Where did they go so wrong..