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Tag: Blockbuster

  • The Blockbuster Blunder: When Innovation Wears Hand-Me-Downs

    The cautionary tales are well known. Kodak built the first digital camera but locked it away to protect its film profits. Blockbuster tested streaming but couldn’t imagine it without late fees and stores. Borders outsourced its e-commerce to Amazon, which promptly walked away with the future. Sony, once the pioneer of portable music, chained its devices to proprietary formats while Apple captured the market with the clean simplicity of the iPod. Instead of letting tomorrow’s innovation stand on its own, we squeeze it into old frames—into yesterday’s hand-me-downs—and wonder why it looks awkward. 

    Every generation believes it has finally figured out how to manage change. And every generation ends up repeating the same mistake: taking something truly new and stuffing it into something comfortably old.

    The pattern is obvious. Incumbents cling to what they know—even when it’s wearing thin. They protect what already exists because it still fits the balance sheet, even if it no longer fits the world. Startups, by contrast, don’t have closets full of past investments. They can’t compete on scale, so they compete on variation. They move quickly, sometimes awkwardly, because they’ve got less to lose. As Bob Dylan sang, “When you ain’t got nothing, you got nothing to lose.” 

    Why do we keep thinking this way? Because the familiar feels safe. Because we trust what we’ve already worn in, even when it’s out of style. Incumbents mistake protecting what they have for protecting the future. It isn’t irrational—it’s human. We value consistency, avoid loss, and believe what worked yesterday will work again if we just tailor it slightly. The trouble is, innovation doesn’t arrive as a tailor. It shows up as a stranger with its own shape, and we don’t trust it until someone else wears it well. 

    And so here we are again. We nod at these stories as if they belong to another time, all while repeating the same error ourselves. The lesson remains clear, and just as hard to follow: never put the new in the old

    Today’s Wardrobe Mistakes 

    If this were just a relic of the past, we could laugh at Kodak and Blockbuster while polishing our own trophies. But the habit is alive and well. The future keeps arriving with fresh possibilities, and we keep trying to disguise it in yesterday’s look. 

    AI in Universities

    Generative AI could make learning adaptive, personalized, and creative. Yet most universities treat it as a cheat sheet for exams. Faculty commissions debate how to police it, while vendors rush out “AI detectors.” Instead of redesigning the classroom, academia is sewing AI into the same lecture-and-test model it has worn for centuries. The issue isn’t the technology—it’s the refusal to imagine a different cut. 

    Fighter Jets vs. Drones 

    Cheap, swarming drones are transforming battlefields. They’re fast, flexible, and disposable. Yet militaries continue to invest billions in next-generation fighter jets—sleek, colossal machines designed for a very different era. Doctrine still casts drones as supporting actors instead of leads. Why? Because scale still feels like strength. Fighter jets look like power; drones look like toys. But history often turns on what begins as toys. 

    Streaming Services as Cable 2.0 

    Streaming was supposed to liberate us from bloated cable bundles—on-demand, personalized, no commercials. And yet here we are, surrounded by bundles, ads, and rigid schedules. The old business model has been stitched back onto the new platform until it resembles the very thing it set out to replace. The freedom of streaming now feels like déjà vu. 

    In each case, the folly is psychological as much as structural. Incumbents feel safer forcing the new into the clothes they already own. It looks familiar. It feels manageable. But the fit is wrong—and the new stumbles not because it’s weak, but because we insist on making it wear yesterday’s cut. 

    Anton Ego, the food critic in Ratatouille, captured it perfectly: “The world is often unkind to new talent, new creations. The new needs friends.” Right now, instead of befriending the new, we are trying to make it look like us. 

    Befriending the New 

    If the recurring mistake is squeezing tomorrow into yesterday’s cut, then the fix isn’t to tailor harder. It’s to change how we think about fit altogether. The future doesn’t need alterations to match our habits—it needs permission to arrive in its own form. 

    That starts with making the clash visible. Organizations love harmony, but innovation often looks off at first. Allow AI in classrooms even if it disrupts grading traditions. Let drones operate beyond the familiar doctrines of manned flight. Stop hiding what doesn’t match; sometimes the clash is what signals a new season. 

    Second, treat experiments as public rehearsals, not private pilots. Too often, companies hide experiments until they’re polished. But new ideas grow when people can see them, remix them, and even laugh at them. That’s how TikTok trends spread and open-source tools improve: in plain view, with rough edges intact. Innovation shouldn’t be a fitting behind closed doors—it should be a runway where even the odd looks teach us something. 

    Third, steal shamelessly from outsiders. Insiders are invested in keeping the old wardrobe alive. Outsiders don’t care. Students will show professors how AI changes learning. Garage coders will show militaries how to use drones in ways doctrine never imagined. Fintech founders will teach banks what customers really want. The point isn’t to admire them—it’s to copy and adapt before they outpace you. 

    Finally, retire something every time you add something. Most organizations just keep layering—new initiatives, new systems, new platforms—until they collapse under their own weight. True renewal requires subtraction. If streaming is the future, drop cable packaging. If digital health works, close waiting rooms. Befriending the new means clearing space, not piling more on top. 

    The point is simple: stop dressing tomorrow in whatever you’re wearing today. Innovation doesn’t look strange because it’s wrong. It looks strange because we won’t let it show up as itself. The new doesn’t want to blend in. It wants its own place, its own style, and its own chance to change what “fit” even means. 

    The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

    Jeff DeGraff

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  • Will Marijuana Reschedule Usher In the Blockbuster Era

    Will Marijuana Reschedule Usher In the Blockbuster Era

    For a small industry, cannabis has a ton of interesting players.  But will rescheduling force everyone to become grown ups?

    The marijuana industry has been around for thousands of years. In the US and Canada it was big until the 30s, then came Reefer Madness, the it was fairly low key until the 60s.  It is a key part of the counterculture era and some players still around from the era see it as more of a cause, something against and the main and pure bliss.  The bros who jumped in around 2017 see it more as a vehicle to being rich (or richer).  Steve D’Angelo, the self declared Father of the Legal Cannabis industry sees it more as yoga, a positive which “big companies” will ruin.  With rescheduling the industry will transform again, but is it moving to the Blockbuster Era?

    RELATED: Science Says Medical Marijuana Improves Quality Of Life

    When home video burst into the scene, it quickly gave birth to thousands of mom and pop stores who sold and rented videos. In every neighborhood one popped up and some areas had mini/local chains. This small stores helped fill and increase consumer demand. Blockbuster entered the market and soon took a commanding presence.  Following McDonald’s Ray Kroc‘s expansion philosophy, they grew quickly. At one point they were opening a new store every 24 hours. Due to size, technology and resources, they also quickly shut down the majority of their small competitors.

    With rescheduling, Safer Banking and potentially more, bigger players and the mainstream industry will be taking a harder look. The industry is full of mom and pop businesses who are struggling without the resources to grow and compete for customers. Dispensaries have it hard, and yet there are few chains.  But a couple of major players coming in – a Total Wine, a Bev Mo, and all the sudden the average consumer, which makes up 90 percent of the market, is picking up a vape, a 6 pack, dinner, detergent and a $15 bottle of wine for dinner. In one stop.

    “Looking out twenty years, we expect the current dispensary model to either not exist or evolve substantially. Cannabis will be sold directly to consumers (like wine clubs) and may be accessible in grocery stores, convenience stores, and online. The days of standing in line and waiting to show your ID to an armed guard before entering the waiting room are numbered.” shared Jesse Redmond, Managing Director Water Tower Research.

    Another example are beer speciality stores. Even big cities like Chicago, Dallas and Seattle have less than a dozen retailers who specialize in just beer. There are over 100 distinct styles of beer, from light blond ales to creamy stouts. This doesn’t count all the brands.  Yet, beer is sold primarily at grocery, convenience and gas retailers. Their entry into the market will be a boon for brands, but troubling for dispensaries.

    “Looking out twenty years, we expect the current dispensary model to either not exist or evolve substantially. Cannabis will be sold directly to consumers (like wine clubs) and may be accessible in grocery stores, convenience stores, and online. The days of standing in line and waiting to show your ID to an armed guard before entering the waiting room are numbered.”

    RELATED: California or New York, Which Has The Biggest Marijuana Mess

    In fact, the downfall of Blockbuster were grocery stores. Seeing the success of the video store, food chains began offering videos for rent of purchase, you could pick up dinner, drinks and movie in one location. The majority of the public like how easy it was and Blockbuster joined the mom and pop stores they squashed and eventually closed.

    The winner are the big brands who appeal to a large customer base, they will be carried and sold in huge numbers.

    Terry Hacienda

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  • ¿Podría ser cierto?: Blockbuster podría estar insinuando un regreso sorpresa | Entrepreneur

    ¿Podría ser cierto?: Blockbuster podría estar insinuando un regreso sorpresa | Entrepreneur

    ¿Podría ser cierto?

    Blockbuster es en su mayoría un recuerdo desde que la empresa cerró todas sus tiendas, excepto una en Bend, Oregon, Estados Unidos. Pero los fans de la famosa cadena de renta de videos de los años 90 notaron un cambio en el sitio web oficial de la compañía y rápidamente acudieron a las redes sociales para discutir sus hallazgos.

    Al visitar Blockbuster.com, aparece una pantalla con el logo de la compañía y la frase “Estamos trabajando en rebobinar tu película”.

    La página de inicio de blockbsuter.com

    Aunque la cadena no explicó por qué decidió reactivar su sitio web (estaba inactivo) con el mensaje críptico, Blockbuster bromeó sobre un posible regreso para transformarse en un banco el pasado 15 de marzo.

    Muchos usaron las redes sociales para expresar que había razones para creer que la cadena de renta de videos estaba en proceso de preparar algo grande.

    Un usuario de Twitter incluso le preguntó a la cadena si planeaba volver como una “franquicia minorista ágil”, a lo que la cadena respondió tristemente “No”, aunque la cadena ha estado respondiendo a miles de tuits preguntando sobre lo que está sucediendo con gifs de varias películas.

    En sus mejores tiempos Blockbuster operó más de 9,000 tiendas y generó más de $5.9 mil millones de dólares en ingresos. Las últimas tiendas que quedaban cerraron en 2014, excepto una.

    En 2020, Netflix estrenó un documental sobre la tienda de Bend, Oregon, adecuadamente llamado “El Último Blockbuster”, que arrojó luz sobre las multitud de turistas que visitan la tienda cada año para dar un paseo por el mundo de los recuerdos.

    El mes pasado, la última tienda que queda transmitió un anuncio durante el Super Bowl que rápidamente se volvió viral y Sandi Harding, gerente de la tienda, dijo ayudó a incrementar las ventas en un 200%.

    Emily Rella

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  • Is Blockbuster Making a Comeback? | Entrepreneur

    Is Blockbuster Making a Comeback? | Entrepreneur

    Could it be true?

    Blockbuster, the famed video rental chain of the 90s, is mostly just a nostalgic memory since the company shuttered all of its locations except for one in Bend, Oregon.

    But eagle-eyed Blockbuster fans noticed something change on the chain’s official website and quickly took to social media to discuss their findings.

    Related: There’s Only One Blockbuster Left in the World – And Here’s Why Business Is Booming

    Upon visiting Blockbuster.com, a screen with the company’s logo appears with the phrase “We are working on rewinding your movie.”

    Blockbuster’s official website homepage

    Though the chain didn’t explain why it chose to reactivate its website (which had been dormant before) with the cryptic message, Blockbuster joked about making a comeback and rebranding as a bank on March 15.

    Many took to social media to express that there might be a reason to believe something big is in the works for the video rental chain.

    One Twitter user even asked the chain if it planned to come back as a “nimble retail franchise” to which the chain sadly replied “No,” though the chain has been replying to thousands of Tweets asking about what was going on with various unrelated movie gifs.

    At its height, Blockbuster operated over 9,000 stores and generated over $5.9 billion in revenue. The last remaining stores shuttered in 2014 — albeit one.

    In 2020, Netflix premiered a documentary about the Bend, Oregon location aptly named “The Last Blockbuster,” which shed light on the herds of tourists that visit the store to take a wall down memory lane each year.

    Last month, the last remaining store ran an advertisement during the Super Bowl that quickly went viral, and according to store manager Sandi Harding, helped boost sales by 200%.

    Emily Rella

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  • Our Favorite Childhood Holiday Gifts, Video Game Edition

    Our Favorite Childhood Holiday Gifts, Video Game Edition

    Space Quest IV: Carolyn Petit and the Time Rippers

    Space Quest IV: Carolyn Petit and the Time Rippers
    Screenshot: Sierra Entertainment

    It must have been Christmas of 1991 that I found Space Quest IV: Roger Wilco and the Time Rippers under the tree, and got the gift of seeing exciting new possibilities in games.

    I was a fan of adventure games, sure, having played a few games in Sierra’s King’s Quest series, not to mention Lucasfilm’s brilliant and bizarre early titles like Maniac Mansion and The Secret of Monkey Island. But this was my first experience with Space Quest, Sierra’s comedic sci-fi series starring Roger Wilco, the hapless space-janitor who finds himself thrust into one cosmic misadventure after another.

    To be honest, I don’t remember much about the quality of Space Quest IV’s puzzles. What I do remember is how varied and vibrant its universe seemed, with harsh alien worlds, moody cantinas, and glitzy space-malls. But what really knocked my socks off about the game was how meta it was. After progressing a bit through Space Quest IV: Roger Wilco and the Time Rippers itself, poor Roger finds himself flung into (the non-existent) Space Quest XII: Vohaul’s Revenge II.

    Image for article titled Our Favorite Childhood Holiday Gifts, Video Game Edition

    Screenshot: Sierra Entertainment

    Today, it’s not so uncommon for games to break the fourth wall and wink knowingly at the player about being video games, to play with conventions in ways both tired and inspired. But wow, was this exciting for me in 1991! The game also sees you venturing into Space Quest X: Latex Babes of Estros (an obvious riff on the 1986 Infocom adventure Leather Goddesses of Phobos) and all the way back to the original Space Quest, which already looked humorously primitive and pixelated compared to 1991’s state-of-the-art graphics, making high(er)-definition Roger Wilco all the more conspicuous.

    Space Quest I - The Sarien Encounter

    Screenshot: Sierra Entertainment

    Space Quest IV may or may not be a great game, I honestly don’t remember well enough to say. I just remember sitting there on my Christmas break, awestruck by the clever meta-ness of it all, and having my mind expanded about the possibilities of what video game storytelling and structure could do.

    Carolyn Petit, Managing Editor

    Alyssa Mercante

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