Netflix Raising Prices Up To 60%

[pixelthis]

I believe NETFLIX pushed their agressive bottom-end prices until Blockbuster, for example, went bye-bye. Blockbuster tried to respond but simply was not nimble enough to adapt. Now NETFLIX has enough commercial presence that building the capability to receive NETFLIX along with wifi into Blu-Ray and DVD players is a selling point for electronics manufacturers.

There are many examples of disruptive innovation:

The mini-mills did not originally challenge J&L, US Steel, and the other large integrateds by producing finished rolled steel, but rather by competing in steel rebar, which was unimportant to the large integrateds. After the mini-mills drove the large integrateds out of rebar, they moved up to simple shapes, and so on upward, until eventually the minimills moved into finished rolled steel.

Toyota and Honda followed the same strategy by entering the econo-bottom of the US auto market, in which GM, Ford, and Chrysler were not really interested. The GM execs "knew" that everyone wanted to drive a Cadillac, so they viewed all their other models as mere stepping stones for the American auto buyer to reach the Caddy and therefor were not really worth "defending". Eventially Toyota moved all the way upmarket and introduced their Lexus line, and the rest is bailout history.

Your view of what happened to BLOCKBUSTER is a bit simplistic.
BLOCK did not fail through any fault of their own, they failed
because their business model was obsolete. every
video store in my town except the one that does tanning beds and porn is gone. You stream a video and you don't have to take it back, pay late fees, etc. AND WHILE it has its limits, redbox replaces an entire store of employees quite nicely.
TALK ABOUT a tempest in a teapot. THE CHEAPSKATES
will gripe and pay and the more reasonable will just pay.
THEY KNOW its a bargain. Meanwhile the video store has
passed into tech history, along with record stores, eight track,
laser, etc.