Blockbuster Video Claims Internet Piracy is the Cause for Bankruptcy Filing

"Don't start lining up the global dominos just yet but Blockbuster is filing for bankruptcy in Portugal. In the 90s, an era predating internet streaming and digital downloads, Blockbuster was rocking some 100 stores in Portugal. Today that number is around 27, most of which are struggling to survive. Blockbuster blames government's flaccid response to internet piracy for its insolvency. And here we thought short-sighted executives distracted by their brick-n-mortar profits carried some of the blame." source