BlockBuster and HMV into administration

Both of these shops have been in the news recently due to their low income as of new technology, forcing these businesses to close down. The main reason why these business have had to do this is because of other new businesses providing a more suitable and quick, possibly even cheaper service.
For example in terms of BlockBuster, this shop used to be the only place where you could watch a movie without actually buying the disk, and this was a much more preferred option for most people because they wouldn't want their homes filled with DVD's. This however was where the internet came in because this allowed people to communicate and share files over the internet without any sort of strong regulation. This meant that when businesses moved onto the internet to provide a similar service to BlockBuster's, it was quicker and easier for people to do without leaving their house to rent a movie. Businesses that have made use of the internet for this reason would be Netflix and LoveFilm. Because both of these businesses have been in the internet game for a long time now, BlockBuster would have a hard time competing with these top dogs, therefore having no choice but to close their stores.
This is also apparent for HMV because music is now so easily available over the internet and having virtual copies of songs instead of racks of CD's is now more efficient and suits alot of people these days. Therefore a similar effect as to what happened with BlockBuster is now happening to HMV because its competitors who have been doing the online trade business for a while now would be businesses such as iTunes and Amazon to name a couple.
These reasons for both businesses are only the legal implications, there is also pirating which has to be taken into account because both music and films can both be easily acquired for free which would also be seen as a problem for the newer businesses trading over the internet, but they have a much better chance of keeping up with this than those who do not provide this service.