Blockbuster files bankruptcy
 

and so it begins......
http://www.huffingtonpost.com/2010/0..._n_736072.html

If ever there the saying "adapt or die" applied, it is here.

amen brotha

No wonder. I've never rented a movie in years.

You usually only have to wait a few months now for a movie to be available on pay-per-view.

Saw this one coming a mile away...

Shocking, yet not so.

Not really a surprise.

About time...

blockbuster canada is uneffected by this.

Surprised they lasted as long as they did. Can't beleive they allowed netflix to steal their customers.

time consuming to go and get a movie.. Expensive to rent compared. Time consuming and a pain in the ass to RUSH back the next day.

Just not worth it now days.

who would have though this would happen with Netflix and Hulu being around?

They are still going to be around for a bit since it's a Chapter 11.

I thought they filed for chapther 11 last year??

The Redboxes did the real damage...killed their new release business. Lot's of shareholders are going to take it in the ass to the tune of about $300 million.

IVRs are going to make a comeback.

:thumbsup:thumbsup

I was wondering when that was going to go under - good for me tho we got a ton of blackbusters in my town .. should be able to hit some good sales :D

They did.

I have a Blockbuster online membership. It's a lot like Netflix....only a ton better because they actually have the movies you want. When I had Netflix it kinda sucked because of the movie selection.

Anyway, my blockbuster membership allows me to have 2 movies at once. I just put what I want in my cue and they mail them to me. Whenever I'm done, I stick 'em back in the mail.

When they ship them to me...they email me and I usually get them the very next day (they are quick)

So I thought they DID "adapt" pretty well.

Maybe they were a little late doing it and lost a market share?

yea, too little too late

tube sites are still the soup kitchens of the internet.

they had a chance to compete with netflix and got greedy.

i used to have a blockbuster account and was nice that you could take the movie into the store then exchange it for another one... then it turned to charge you $1 which is when I left.

After that they continued to hike up the price until I believe you only got $1 OFF a rental.

pretty lame and stupid IMO where they had a chance to compete and take down neflix but brushed them aside

true, but with Netflix now launching in Canada it may just be a matter of time...

Dvds are out. Usb sticks are in

If they want to save their company they should start renting porn movies. I know of two mom & pop video stores that are around only because of the porn movie section. I think they have more porn then they do mainstream movies. Also lower the price of your movies, $5 to rent a movie from Blockbuster!! No wonder why Redbox is kicking their ass, $1 to rent a movie for one night, $1.50 for blueray.

They were to late to compete with NetFlix. By the time they started their Blockbuster Online NetFlix had a huge membership base and they couldnt really give a good reason why the consumer should switch.

In hindsight they should of shuttered the stores along time ago and gone the kiosk route (RedBox). Then they would have the online portion where you can have the DVD's mailed or stream them. Then if the consumer wanted instant gratification they could return the DVD to the kiosk and pick up another without waiting. Or people who didnt want the subscription could just rent 1 at a time.

We have a NetFlix account and have 3 discs but probably hit a RedBox kiosk twice a month still.

If they actually go under and shut down their online rental as well, then it will be a really bad thing for indie movie maker, as redbox only carries 300 movies or so and netflix doesn't have as big an inventory as blockbuster...

We have a blockbuster across the street. I hadn't had a membership there in like twenty years, but sure enough they still had my account on file and it was easy to reopen it. My kid wanted to watch a certain video for her birthday party, blah blah blah and we rented it for a buck and then dropped it off the next day. Can't beat that really.

We've only used it a handful of times since then and I think most movies cost $3 a night, but whatever.

I was thinking they already had filed...hmm

:2 cents:

No surprise, Netflix and Redbox are king now.

Sic transit gloria mundi . . . .

yep.....someone has to battle the redbox......

When you have services like Vudu (walmart yuck i know) that release movies to stream the day they are released on dvd for 3.99 its kind of hard to beat the convience. 3 clicks later i am watching my movie and i dont have to worry about taking it back. The down side to Vudu not all movies are avaiable to rent the day they are released. Some it takes a week or two. But you can still buy them for 20 the day they come out if you gotta see it :) Its a small amount of movies so no biggie

so glad i boycotted them back in the easrly 90's for the bullshit daily late fee....took 15 years but im glad to see that fuckng rip-off center out of biz :2 cents:

I thinks they failed to capitalize on the online and mail thing.
If they had spun off the on-demand, ship to your mailbox part people would have thought of them differently.

I for one hear BlockBuster I think : Big Store, Ridiculous Late Fees, and bad customer service.

Change the name and only offer what Netflix did and they could have been a contender ! ! !

Their anti-adult policy enabled many mom and pop video stores stay in business.

good riddance

I hooked my $9 netflix account up to my Wii player and I can watch like 10,000 movies and TV shows on demand 24/7 now. I use it everyday and love it. It's so easy.

They will be a $200 stock soon. They're at like $160 now.

Once they lose the need to buy and store physical DVDs and warehouses/distribution centers completely...

I think Blockbuster couldn't really adapt because, when they were in the cat bird's seat, they really took advantage of their customers. I remember they had deliberately misleading terms so that most customers ended up owing late fees, when they thought they were on time.

I am sure that if/when Blockbuster goes out of business the selection at the competition will improve, as distributors that relied on Blockbuster as an outlet are required to find alternatives.

and redbox.