The big company blockbuster is going through hard times right as time is changing and technology is becoming a lot better. Blockbuster before was known as biggest selling movie rentals but nowadays you will see many of there shops closing. For many years blockbuster has had stores at basically every corner of the GTA, but now they will be selling off there stock and closing down there stores. The remaining stores will be for sale. Some reports show that as many as 140 stores will be shut down and the rest will be sold. Approximately 1,400 workers are going to be left non employed because of this. I think this movement is really showing the change in culture and technology in our world. Things like Netflix and being able to buy movies online without having to leave your house is changing our every day world. People are becoming too lazy to go to there stores so they use the internet. This is not good for the economy because now people are losing there jobs to often. This is something that can cause a recession.
I was wondering when something like this was going to happen. I personally haven't gone to a video store like Blockbuster or Rogers Video for at least a year now because of technology like Rogers on Demand. I don't think it's laziness so much as it is convenience. Why go to the video store when you can rent movies in your own home?
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