Expect mass rental store closings and layoffs. http://www.marketwatch.com/news/sto...D02-9EDD-441F-964F-D42CBD7DDD64}&siteid=yhoof
Profit margin o.49%????? On a service industry? (they get the movies free from the filmmakers, they just pay royalties proportional to those rented).
Netflix, sat TV, pay per view and the DVD box rentals (Redbox and DVDXpress) are killing them, not to mention all the TV shows archivied on the web. WTF is going to shell out $5 to rent a flick when you can buy the movie for $15 online? Or pay $12 a month to Netflix and watch all the movies OL that you can stand? Video rental stores were just a flash in the pan.
True that! I used to be a regular Blockbuster customer before digital cable. Now when I want to rent a movie I just view a movie on demand. No driving to BB, no waiting in line, no returning of dvd's. I thought BB was already out of business, the one near me closed years ago.
This depression is great! BB is absolutely useless with Netflix and On Demand. Only a matter of time before both Netflix and On Demand are made usless by HD quality streams from broadband internet to TV.
looks like they got stuck by their own voodoo dolls http://www.youtube.com/watch?v=3eDWW74yPw0&eurl=http:
blockbuster's been overpriced for years and years. we used to go to movie gallery when we wanted to watch because it was a bunch cheaper than BBI. unfortunately, local one went out. then, just in time...supermarkets by us started having the red box video rental machines. those are $1/day, and they frequently have "rent one, get one free" coupons. since we get the video and plan on returning it the next day..it's $1, not 4-5 of BBI. BBI also doesn't have tough to get videos, either, which eliminates much of their purpose. and as others have stated, NFLX >> BBI.