Blockbuster announced this week that it had accepted a preliminary bid to sell itself — for $290 million, as part of a plan to more quickly exit bankruptcy. The chain also plans to shutter 609 stores.

It’s a bit of an ignoble state of affairs for what once was the dominant name in home movie watching. But fewer and fewer customers have chosen to make any night a Blockbuster night, thanks to the rise of the online movie rental service Netflix.

This nifty graphic by the Online MBA Programs illustrates how Netflix’s rise helped force Blockbuster down a path culminating in Chapter 11.



Via: Online MBA Programs