business news in context, analysis with attitude

by Kevin Coupe

You gotta love this kind of symmetry.

Variety reports that Blockbuster has rented its last video, at a store in Hawaii. It happened at 11 pm last Saturday.

The movie: This Is The End, the apocalyptic comedy written and directed by Seth Rogen and Evan Goldberg, and starring Rogen, James Franco, Jonah Hill, Jay Baruchel, Danny McBride, and Craig Robinson.

Blockbuster this week will begin the process of liquidating its inventory. The company;'s demise stands a s symbol of a corporate leadership unable or unwilling to recognize fundamental consumer and technology shifts, and a management philosophy best described as "epistemic closure" - the people in charge of the company saw the world they wanted to see instead of the world the way it actually was. By the time Blockbuster was sold to Dish Network, which hoped to revive the brand, it was too late.

It is an Eye-Opener.
KC's View: