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Blockbuster

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Post Options Post Options   Thanks (0) Thanks(0)   Quote tallen702 Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 4:31pm
Even with a restructure, BB won't be able to make a comeback. Not only is netflix ahead of them on the dvd by mail thing, but they already have themselves entrenched in the console and PC market for streaming video. Furthermore, BB doesn't currently have the ability to stream as far as I know, and that means costly buy-ins to console and stand-alone markets.

I've seen this coming since back in '04 when they started their "by mail" service in an attempt to compete with netflix. They didn't push it nearly as hard as they should have, and that is what cost them in the end.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tical3.0 Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 3:48pm
I just can't wait until the BB by my house starts selling everything off super cheap. Time to update my movie collection.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote agentwhale007 Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 3:42pm
I've got the Blockbuster mail-in thing, as I liked the in-store exchange process back when I actually lived within four hours of a Blockbuster.

They could feasibly save themselves by shedding the stores (And the overhead that goes along with it) and try and compete with Netflix head-to-head.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote usafpilot07 Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 3:37pm
Redbox is going to take over the world.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Benjichang Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 3:19pm
If a company can't adapt to a changing marketplace, they will ultimately fail in the end.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote SSOK Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 3:12pm
Blockbuster had potential.
 
A la, Netflix without waiting.
 
However, their customer service has, and always will be, horrible.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GI JOES SON Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 2:07pm
it was only a matter of time, they couldn't keep up with the new technology and are paying the cost...if they had been on the ball maybe it would have been called blockbuster-flix that you can stream to your tv these days. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tical3.0 Quote  Post ReplyReply Direct Link To This Post Posted: 22 September 2010 at 1:49pm
Bankrupt, heh heh heh.

"

A Small Glimpse Into Why Blockbuster Can Not Make It Work

By DOROTHY POMERANTZ
A Blockbuster location in Moncton

Image via Wikipedia

The Wall Street Journal is reporting today that Blockbuster will declare bankruptcy later this week. The company is drowning in $900 million in debt. For the first half of the year Blockbuster reported a $136 million net loss, compared to a $15 million loss a year ago. Rental revenues were down 17% to $1.1 billion and overall revenues (including sales) were down 16% to $1.7 billion.

As smaller video stores collapsed over the years, Blockbuster had remained a stalwart presence in many mini malls. But with the growth of things like Netflix, Redbox and video on demand, the 5,800-store chain now seems like a dinosaur.

But with such a strong brand name, why couldnít Blockbuster keep up? I got a glimpse of some of the problems last week when I went to rent Oliver Stoneís original Wall Street in preparation for an interview with the director.

My local store said they had two copies but both were out at the moment. In fact one seemed to be lost and the other had been out for over a week. The clerk said that it looked like the film had been rented by someone using Blockbusterís new Total Access program which allows you to rent movies by mail (a la Netflix) and return them in stores in exchange for free rentals with no due dates or late fees. (I had wasted many hours with my kids this summer listening to the Blockbuster folks pitch this plan to other people in line.) So the companyís new initiative was bleeding the store of inventory.

I asked if I could put my name down so they could call me in case it came back because I had a few days before the interview. The clerk said they didnít do that.

I went home and easily found the movie available for instant viewing on Netflix and watched it on my computer. I would have much preferred to watch the disc on my big screen television but beggars canít be choosers.

The store did run an excellent promotion this summer where you could take out kids movies for $1 per film and keep each for five days. But almost inevitably the discs were scratched and unwatchable because the store didnít care much about its inventory and I finally even gave up on that.

Between the lost and scratched films, it seems like customer service in the stores (the one thing Blockbuster could have still bragged about as itís the only place where you can rent movies from an actual human being) has completely fallen by the wayside.

As soon as the new AppleTV hits stores, Iím tearing up my Blockbuster card in favor of Netflix instant streaming (which Iíll be able to play on my TV) and iTunes rentals. Whatever the headaches that arise from those technologies, theyíre sure to be less stressful than going to Blockbuster.

According to the Journal, Blockbuster is not going to disappear completely. A deal with senior creditors should wipe out the companyís debt and allow it to restructure which will mean fewer stores and, potentially, a larger online presence. It could help the company make a comeback  but thereís a good chance it could all be too little too late."




Can't say I didn't see this coming.

Thoughts?



Edited by Tical3.0 - 22 September 2010 at 1:51pm
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