10 Companies That Failed To Innovate and Change

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Blockbuster

You know this company as the brick-and-mortar chain that Netflix drove out of business because it could not transition in the internet age. Well, Blockbuster attempted to buy Netflix for $50 million in 2000 and was rebuffed. The company’s response to declining DVD sales was to shift to Blu-ray, still ignoring the internet. Unsurprisingly, the internet took Blockbuster down. Surprisingly, there are still 12 Blockbuster locations in the U.S.

10 Companies That Failed To Innovate and Change

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