October 13, 2010
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Blockbuster to go bust in 2011!
For many years, Blockbuster has been the source that many gamers and movie fans went to for rentals on films and video games. As the internet grew in popularity, many movie fans changed to other delivery methods like Netflix and eventually streaming rentals. Blockbuster may have been sleeping.Today Blockbuster is a shadow of what it was years ago. In its heyday, Blockbuster had six locations in my hometown of under 100,000 people and today there is not one single location left operating. Heck there were two in Tokyo. Redbox and Netflix have all but killed Blockbuster.
One analyst believes that as early as next year we could see the end of Blockbuster altogether. Analyst Douglas A. McIntyre form 24/7 Wall St. has pegged Blockbuster as one of the ten national brands he expects to go under in 2011. Blockbuster is also reportedly mulling over a Chapter 11 filing to eliminate debt.
They could have easily shifter to the digital distribution model and with its brand power kicked the newcomers to the curb.
Who will be left snoozing by the new mobile explosion?
Comments (2)
Yeah, their digital is behind Netflix. Samsung Blu-rays players work with them but not my new Sony? WTF with that?
As it is, I’ll still be sorry to see them go. Their “Total Access” model works very well for my wife and I (I put great old movies in the queue that arrive by mail- she takes them back to a store and exchanges them for new Hollywood crap – ahem- “product”.)
It’s been a reasonable compromise. I dread shifting to either kiosk/new film only rentals (ala Redbox) or a pure by-mail model (Netflix) where she’ll take an active interest in managing the queue. . .
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