10 Inventions that Killed Businesses

4. Netflix

Gone are the days when we had to stand in painfully long queues to rent our favourite movies. With super advancements in technology, viewing movies has never been this easy. With online portals, like Netflix, viewing movies on video cassettes has become extinct. VCRs and video tapes are all tales of the past as websites, like Netflix, have altered the face of online video viewing. Other online movie viewing portals, like – Blockbuster, did exist before Netflix but Netflix brought its business model of subscription-based services with it. The ease and convenience Netflix brought with it was incomparable. The added benefit of being able to rent movies for as long as one wanted on Netflix ousted regular movie rentals from their business. Netflix also did not charge extra for this extended rental period. This led to Blockbuster filing for bankruptcy in September 2010.