Please prepare answers to the following case questions.

$1.$ Describe the structure of the movie rental industry. Who has power?

$2.$ Use the Meyer Framework to summarize the Blockbuster and Netflix business models.

$3.$ How did Netflix evolve its business model over time? How did its validation approach support work and what were key drivers to the evolution?

$4.$ What are Netflix$$s core competencies and how do they help Netflix sustain its advantage against competition?

$5.$ Is VOD a disruptive or sustaining innovation according to Hastings?