Blockbuster Argumentative Essay

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Streaming services have taken a rise in recent years, be it music based such as Spotify, or Netflix for home video. This leaves disc based options on the backburner in terms of availability. Similar to how the DVD and CD made the VHS tape and Vinyl record obsolete respectively, streaming services are starting to take hold of the entertainment industry and force out optical based solutions from the market. Blockbuster is an example of how streaming services have increased over the past years. The company itself had to file for “chapter 11 bankruptcy because it wasn’t able to transition to online content like Netflix and Hulu” (Business Insider). Blockbuster simply could not compete with the immediate availability of the streaming services that people could use from the comfort of their homes. It was shut down and Netflix subscriptions continued to rise. CDs are starting to follow the trend of becoming obsolete thanks to not only streaming services, but digital storages options such as iTunes. Computers are now shipping without an optical drive, further eliminating the desire to buy CDs and other disc related products in favor of streaming services and digital storage …show more content…

Consequently, vinyl record sales have seen a recent increase, given that consumer demand for these items as increased for the past 5 years since 2012. Artists noticed this trend and started to produce their music on the vinyl format again to meet demand, and can command a higher price not only because of the demand the consumers give, but also for the materials used to create a 21st century vinyl record. Fortune reports that “Fueled by that unique sound quality and a nostalgia wave, sales of vinyl records were up 32% to $416 million, their highest level since 1988, per the RIAA” while the streaming services reported up $385 million in

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