Monday, October 18, 2010

Blockbuster video is filing bankruptcy

Blockbuster’s reorganization under Chapter 11 bankruptcy is much needed. It is hard to predict what they will do to fight off competitors such as Netflix and GameFly, which could the nail to their coffin. Blockbuster has been struggling for some time now evidenced by their current business model, vastly different than when they originally set out, which seems to include equally as many games and movies for sale as to rent or ice cream, chips, candy, and pop to round out your cinema-like home experience. Despite this, their stores continue to close. New ideas being tossed around but few are innovative and mostly seem to emulate their competitors. In Blockbuster’s maligned case, emulation might be their only option.

20 comments:

  1. oh shit its about time, farewell blockbuster

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  2. lololol! Blockbuster can go sell other stuff. Everything is online now

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  3. This was eminent... no one goes there.

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  4. I haven't been to a blockbuster in 7 years

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  5. finally... they could have done the Redbox model and saved their company... oh well

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  6. the one by my house is still open, but no one goes there

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  7. I saw this coming from a mile away

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  8. Yeah, I've been a Netflix subscriber for a while. Screw driving to return videos.

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  9. serves them right for charging high prices and exorbitant rental fees, times they be a changin

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  10. Kewl story, bra! waiting for updates from you

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