Blockbuster "busted"?

[Uniquely]

"Blockbuster just disclosed to the SEC there is "substantial doubt" about its ability to continue breathing, since there are no assurances it can meet the conditions of a $250 million loan that's its current lifeline."

http://i.gizmodo.com/5201935/blockbu...n-its-deathbed


Looks like everyone who dumped Netflix because they were upset over the increase in the blu-ray surcharge might be out of luck.

[Batman1980]

I hate Blockbuster anyways so all I can say is -
http://www.youtube.com/watch?v=TX3UqY8KZpU

[krazeyeyez]

Originally Posted by robinandtami

"Blockbuster just disclosed to the SEC there is "substantial doubt" about its ability to continue breathing, since there are no assurances it can meet the conditions of a $250 million loan that's its current lifeline."

http://i.gizmodo.com/5201935/blockbu...n-its-deathbed


Looks like everyone who dumped Netflix because they were upset over the increase in the blu-ray surcharge might be out of luck.

lol what a comprehensive article, i guess if it is on gizmodo it has to be true.....

ummm i don't doubt they are financially hurting like so many other retailers in this economy, but being they are my favorite place to rent, and i would hate all those stores and jobs across the country lost not to mention a vacuum of NO COMPETITION for netflix leaving them to do anything, i would really hate to see them go the way of circuit city.

[naturephoto1]

That is very very unfortunate. Who is or may be next to fall in this economy and these uncertain times.

Rich

[fatediesel]

I just don't think a company like Blockbuster is going to be able to survive with it's huge costs for rent and employees when a company like Redbox can put a kiosk in a supermarket or McDonalds for next to nothing. If Redbox started carrying video games and Blu-rays there could be some real competition to Blockbuster and Netflix.

[krazeyeyez]

Originally Posted by fatediesel

I just don't think a company like Blockbuster is going to be able to survive with it's huge costs for rent and employees when a company like Redbox can put a kiosk in a supermarket or McDonalds for next to nothing. If Redbox started carrying video games and Blu-rays there could be some real competition to Blockbuster and Netflix.

unless they got massive machines, redbox doesn't compete for the same people as a Blockbuster or Netflix, they are a niche market, how many people wanna show off their childhood favorites to their kids, or maybe rewatch the first seasons of 24 or *shudders* grey's anatomy vending machines don't offer real competition for supermarkets carrying soda, same thing imo, i may rent from a redbox occasionally but NEVER would it replace a service like a video store or mail program like Netflix or BBO. Now i want you all to root for BB's survival so more people don't lose their jobs and MOST importantly so i don't have to rent DVD from family video, racking up huge late fee's with sub par PQ

[atomik kinder]

Originally Posted by krazeyeyez

unless they got massive machines, redbox doesn't compete for the same people as a Blockbuster or Netflix, they are a niche market, how many people wanna show off their childhood favorites to their kids, or maybe rewatch the first seasons of 24 or *shudders* grey's anatomy vending machines don't offer real competition for supermarkets carrying soda, same thing imo, i may rent from a redbox occasionally but NEVER would it replace a service like a video store or mail program like Netflix or BBO. Now i want you all to root for BB's survival so more people don't lose their jobs and MOST importantly so i don't have to rent DVD from family video, racking up huge late fee's with sub par PQ

9 out of 10 rentals from Blockbuster would be new releases, which is what Redbox has and it is only $1 a day. Also, if you notice, Blockbuster doesn't really carry everything in store, they have a pretty small selection of each genre, so finding some of those movies after a while might be tricky. (i'm talking about older movies.) Now BB online and Netflix do carry just about everything, so I would say that Redbox is no real competion for online when people are looking to rent those older titles. But, like I said, the majority of rentals comes from new releases. A few months ago, I didn't really think about renting from them, but it is quick, easy and there is one two blocks from my house. It is outside a Walgreens, so it is open 24hrs a day. They have no Blu-ray yet, they are expanding quickly and are showing up in more places every day. You can even reserve them online, which is something Blockbuster doesn't do. I think Blockbuster better watch out. More and more people I know are talking about renting there. Would you rather pay $1 per movie or $5? That is a big difference.

[ronp10]

Originally Posted by krazeyeyez

unless they got massive machines, redbox doesn't compete for the same people as a Blockbuster or Netflix, they are a niche market, how many people wanna show off their childhood favorites to their kids, or maybe rewatch the first seasons of 24 or *shudders* grey's anatomy vending machines don't offer real competition for supermarkets carrying soda, same thing imo, i may rent from a redbox occasionally but NEVER would it replace a service like a video store or mail program like Netflix or BBO. Now i want you all to root for BB's survival so more people don't lose their jobs and MOST importantly so i don't have to rent DVD from family video, racking up huge late fee's with sub par PQ

Ha ha good point. This is why I buy most of my blu-rays that I enjoy. Five years down the road I might want to re-watch the hulk and all I have to do is dust of my copy instead of trying to track it down at one of the rental outlets. For the price I was paying netflix i figure I can atleast get one movie for my collection. I dropped them (netflix) when they went up on their blu-ray price.

[Josh]

If anything, Blockbuster would shed its B&M stores and become online only to compete directly with Netflix. They surely wouldn't disappear altogether.

[krazeyeyez]

Originally Posted by Josh

If anything, Blockbuster would shed its B&M stores and become online only to compete directly with Netflix. They surely wouldn't disappear altogether.

on this subject, i know BBonline and BB operate as two separate entities with some ties obviously, anyone actually know if they are established like this, as in one goes bankrupt the other still exists?

[Y-SO-BLU-RAY]

bye-bye bb