There's a growing body of evidence that pay TV services, i.e. cable, broadband, and telephone companies that offer films and TV shows, are ripe for a smack down.
 http://news.cnet.com/8301-31001_3-20017501-261.html#ixzz10SGOUeVq

Skeptics say the Internet players aren't big or rich enough to compete with the likes of Time Warner Cable or Comcast. That sounds familiar. In 1997, when Reed Hastings and Marc Randolph founded Netflix, few could even conceive that the little Internet start-up would some day crush the mighty Blockbuster, which at the time seemed to operate a video-rental store in every U.S. neighborhood and was synonymous with weekend entertainment for millions of Americans.
Dallas-based Blockbuster Inc. filed for Chapter 11 bankruptcy protection yesterday, calling into question the futures of over 5,600 stores worldwide. The company will be evaluating each location on a case-by-case basis, and seeks to cut costs after reporting a $558 million net loss last year. Newsweek credits the company's slow adoption of new media distribution methods as a big reason for the company's decline. "... while Blockbuster discussed creating its own subscription service to rival Netflix, it wasn't until August 2004 that its online DVD rental program actually started in the US. And when, in 2004, Coinstar entered the market with its Redbox DVD kiosks, Blockbuster didn't begin installing similar devices until 2008." CNET suggests that "Leaders of pay TV services might be wise to start doing the business equivalent of digging foxholes and manning the battlements or the same thing could happen to them."