Blockbuster is the world's largest video rental chain, but the company launched a Netflix-like service as demand for the store-based business began to decline due to Netflix and other online services becoming more popular. Now Netflix wants Blockbuster's similar service immediately halted and the court to award damages. Netflix was founded in 1999 as one of the first online DVD rental services.
Blockbuster is hoping that this year the number of subscribers to its service will increase to 2 million. Analysts predict that the challenge by Netflix will be complicated as it may be tricky to enforce their patents.
Sourcew:
BBC News
Written by: James Delahunty @ 5 Apr 2006 9:04