Video Rentals
Technology has changed the video rental business very dramatically, and many video stores are out of business, going out of business, or struggling to stay afloat. Streaming video has become extremely popular and many people are choosing to pay so they can stream new movies right from their homes, computers, tablets, and even smart phones. The DVD business is still going strong, but it is not video rental stores that are thriving, it is companies like Netflix that ship right to your door. Blockbuster has closed many of their physical locations but they are still going strong because they adopted a similar business model to Netflix and they ship right to you. Pirating of movies on the internet has also hurt video rentals and movie theaters since many movies hit the web shortly after they arrive in theaters and millions of people are illegally downloading them to watch for free at home. - See more at: http://www.businessinsurance.org/5-businesses-that-technology-has-dramatically-changed/#sthash.gpz9sHWz.dpuf