Founded in 1985, Blockbuster Inc quickly grew to become the largest video rental chain in the world. At its peak, Blockbuster had over 9,000 stores globally and offered a wide range of movies and video games for rent. However, with the rise of digital streaming services like Netflix and Hulu, Blockbuster's business model became obsolete. The convenience of on-demand streaming led to a decline in physical rentals, and by 2010, Blockbuster filed for bankruptcy.