system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: What actually happened to Blockbuster?

I remember hearing about blockbuster going bankrupt a while back but never understood really what caused them to go bankrupt.
gpt
Their industry was based on people actually going to the store to rent a movie and bringing it back. It is a totally outdated form of entertainment now. Redbox is cheaper, streaming and on-demand are much more convenient.