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.
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