Callmate Telips cards. Reason: Demand went down due to high competition
Atari & Nintendo video Games. Reason: Demand went down due to improved technology and advancements in the gaming industry.
Pakistani Film Industry (That you mentioned): Cheap vulgar movies which are targeted to only low class laborers. Strategy flaw. Lack of education and technical people with brains in the industry.
Vita Bread (that you mentioned): Demand went down due to competition from Dawn bread, Bake Parlor etc.
Tallo Ghee: Once the market leader, but now acquired by Dalda Foods. Was targeted to lower end market. Demand went down while costs increased which made them non-viable.
Revo cars. Reason: Pathetic design, performance, marketing strategy, spares market development.
Santro. Reason: Inefficient Management, highly debt dependence, costs increases made them non-viable
I can go on and on with many examples. Reasons are mostly the same i.e. drop in demand, either due to competition, obsolescence or shift in market preferences.