Why BIG companies fail.

"Contrary to popular belief, many execs at Blockbuster not only saw the threat Netflix posed, but also the opportunity for Blockbuster to have claimed the mantle Netflix now holds. They even spun up a team to take Netflix head on.

But what made retail stores and late fees so powerful and profitable for Blockbuster is also what made them so hard to displace. Every move to prepare Blockbuster’s core for a digital future was resisted by execs who generated more revenue, store operators who were livid at being

cut out, and Wall Street investors uncomfortable with turning a consistent business into a high risk venture"

Its not that everyone was asleep at the wheel. Blockbuster didn't know how to protect the young initiatives from mature ones. https://kwokchain.com/2021/02/05/atomic-concepts/