1.)Blockbusters business model was to provide video rentals to people within a few blocks or towns of their stores. Until Netflix, Blockbuster held a 40% share on the market of video rental.
3.) Yes Blockbuster launched an online store soon after Netflix popped up. They offer the same services at a lower price. They also offer video games for rent online.
5.) It's hard to say, i think as long as Blockbuster continues to match or beat Netflix's current options that they will be around for a long time. Blockbuster has the advantage of having walk in stores as well as online services. Netflix is limited to the Internet savvy consumer, even though it is convenient it is intended for a special consumer.
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