Blockbuster didn't fail because they didn't get into the online model fast enough. Blockbuster failed because of their pricing/fees model and lack of selection

Blockbuster didn't fail because they didn't get into the online model fast enough. Blockbuster failed because of their pricing/fees model and lack of selection and business model. Netflix's business model is incredibly smart. Even before the online streaming, they were able to have an extremely wide selection because they didn't have to have stores carrying all of the movies in convenience locations, since they were mail-only. And allowing customers to keep the movie(s) as long as they want made customers happier than getting fees.