Tag

bankrupcy

The Rise and Fall of Blockbuster

When VHS tapes started selling, it was such a big change. Now you could purchase a movie to watch anytime you wanted to However VHS tapes were fairly expensive and fragile, if played over and over again, they would wear out and break easily. Storing them was a hassle, since they took up a lot of space. Plus, there were a lot of movies you may want to see once, but had no reason to keep them. This is the time when the video rental places like Blockbuster began to prosper, it allowed the consumer to rent a movie at anytime. Unfortunately it wasn't always the movie the consumer actually wanted to see. The movies that were available to the average consumer was limited by the size and choices of their local video store.

Psystar Files Chapter 11

Well this is a turn of events: Psystar filed Chapter 11 bankruptcy today. The Mac Observer says that it might be a sign their financial backers pulled out. In any case, this might be a stalemate Apple issue, since the lawsuit really won't do anything if the company doesn't have any money. This might have been the best tactic. Apple