Over the last five years we have seen Internet technology disrupt a number of industries, sending the dominant players into a downward spiral from a kingdom they once ruled. Whether it was ignorance from management teams or simply the fact that technology changed too rapidly for their massive organizations to shift their operations, the results remain the same with new companies taking over as the market leader. Its not just the main players that are effected when an industry is disrupted either, its all of the supporting industries and service companies that receive a rude awakening as well.
The music industry was quietly taken over by Apple and its iTunes service when executives failed to adapt to online music piracy.
Video rental giant Blockbuster filed bankruptcy in 2012 after years of opting not to enter the online market via an acquisition of Netflix.
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