Forum - View topicNEWS: Blockbuster Near Bankrupt
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Psohrb
Posts: 5 |
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I'll add here that Blockbuster's main dude is in with the Focus on the Family and the Religious Right group out of Tennesse. This isn't made up stuff I couldn't be that rude and crazy. Otherwise not to befuddle the hard workers of Blockbuster and the such but Blockbuster's karma has run out. I'd like to see the return of the Mom and Pop joints personally. Hollywood Video hopefully is next.
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Whearn9999
Posts: 211 Location: Texas City TX |
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There seems to be a lot of people who think that all Blockbusters will be closing. This is not true. Most likely some of the poorly performing locations will close, but most will stay open.
By comparison, once upon a time Best Buy filed for bankruptcy. Some locations closed, but not all. They changed their gameplan and are now a strong company. It is very possible for Blockbuster to do the same. So, all is not lost.....yet. |
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Abarenbo Shogun
 Posts: 1573 |
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Useless post without proof. |
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Hika Yagami
 Posts: 52 |
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I usually go to Hollywood video to rent my movies because you can keep them for 5 days, even the new releases. But their anime selection is horrible. I guess I'll try Blockbusters next time.
Hika Yagami |
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remember love
 Posts: 764 Location: Germany |
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While it is useless without proof if we really wanted to know we can always go find out...If you want Abarenbo I'll go look for the information to see if he's telling the truth. So you want me to go look for it? Unless Psohrb has the proof on him he can just post it up. |
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Tenchi
 Posts: 4471 Location: Ottawa... now I'm an ex-Anglo Montrealer. |
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No, Blockbuster wasn't a factor in Canada until about 1995. Before that, "Mom & Pop" were wholly responsible for their own suckiness. At least the ones in my (old) area. I was damn happy when the big corporate guy came along and put most of those crapholes out of business with their incredible number of copies of each title and their "two-night rentals" where you didn't have to get a film back by some ridiculous time like 7 p.m. the following day and their relatively reasonable late fees. I don't rent porn, so there really was no downside to Blockbuster. |
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Gamelore
 Posts: 76 |
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I kinda feel like singing, "Ding, Dong, the Witch is Dead!"
Seriously, how many little video shops did they put out of business? I used to get a great selection of anime at those little ones way before Blockbuster had much of anything. This news gives me a sense of justice being dealt. 
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remember love
Posts: 764 Location: Germany |
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All big business take away the small competition...Just a fact of life now a days. It's a sad thing though I agree when your favorite small store closes down but that's what happens. Isn't much can do about it. If those small store could stick around with there selections I'd be a happy man but they can't and there's not much me or anyone else can do about it.As metallica sings...sad but true. |
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Gamelore
Posts: 76 |
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The independent video shops had much lower prices, too. Two of them near me had more titles, and a much more eclectic selection than Blockbuster ever had. I think everyone was all caught up by the bright lights, and wide aisles of Blockbuster so that they wanted to pay their higher prices. Their then-novel 2-day rental was probably a factor too.
It used to be an excursion to go to Blockbuster. Then Blockbuster went crazy and freaking built a store on every square mile of most major cities so all the masses would get sucked in. It's no wonder they're going out of business. With their current redundancy, they could probably close 75% of their stores and not lose any business. Right now my biggest concern is the Blockbuster about 1 block from my house and possible affect closing would have on my land value. It is a rather beautiful, unique Blockbuster. |
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Strategos
 Posts: 91 Location: Ohio |
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I thought Netflix had about 20 distribution centers...I know there is one in Cleveland, and I get my movies next-day...Netflix works just fine for me and renting anime (I live in Toledo, OH, about 3 hours west of Cleveland). |
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BorgmanJayce
 Posts: 298 Location: Hades via UK |
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Hopefully this won't affect the Blockbuster stores in the UK as I'd be concerned because they own a videogame store chain called GameStation which does some good deals on games, machines and accessories plus sell retro stuff and give reasonable prices on stuff you sell to them with the stores being both in various High Streets in various towns and cities plus some being in various bigger branches of Blockbuster Video like my hometown of Runcorn which has a mini-branch of GameStation.
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Keonyn
 Subscriber Posts: 5567 Location: Coon Rapids, MN |
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To be fair you can't really blame Blockbuster on the failure of the small shops. Blockbuster is a business and as such they're going to expand locations but at one point they were a small business too. Some succeed, some don't and the rental industry has been fading more and more with each passing year for over a decade as it is. The small shops fail because the business goes elsewhere for one reason or another and ultimately it is those people that cause those shops to fail.
Video rental stores are likely on their way out as the online rental centers like Netflix are far more convenient and certainly cheaper for people that rent more often. |
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prime_pm
 Posts: 2338 Location: Your Mother's Bedroom |
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You know, I kinda figured something was going on when I noticed that over three rows of shelves at one location have been bare for the past five to six months.
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CaptainRisu
 Posts: 21 |
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ah this sucks, two of my friends are going to be out of jobs.
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molloaggie
 Posts: 578 Location: Texas |
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I used to work at Blockbuster for five years straight. I left just as the business was drying up. It was kinda sad actually. Our store did better than others though as at the time we had great customer relations. Blockbuster broke off from Viacom but did not get dumped. That was almost 4 years ago and has nothing to do with the situation today. Blockbuster's online rental shop is coming in strong now. I just read yesterday that Netflix and Blockbuster both added the same amount of customers to their business in the last quarter. Walmart dropped out of the online rental business but critics still worry about Amazon deciding to join the race. It's true that Blockbuster already has a better distribution system in place than Netflix and the thought of store rental coupons is definitely a bonus. Netflix's biggest competion is themselves. The problem with their business is that it's so easy to copy. Whatever policy they implement, other businesses can do the same rather quickly. Rental fees used to make up 15% of Blockbuster's income. They also took a huge loss with the advent of their online movie buying business. I think they invested over $50 million building that but it didn't work. I hope that Blockbuster never gets into the porn business. Netflix can only look forward to a huge lawsuit if they can't figure out how to keep the porn out of the hands of the under 17 crowd. Blockbuster already knows that fear and that may be the main reason why they won't carry it online either. Blockbuster already has so many edited porns that we used to refer to the drama section as our "soft porn" section. There's no better feeling than renting a pile of soft porns to a single guy and then happily wishing him a good evening. I used to choke on my words when I said that.  Oh and then there were the times when the husbands would rent a soft porn title, get a late fee, and the wife would find out. It happened more than once on my shift.  Another favorite memory is the time some teenager tried to get his non-english speaking mom to rent him one of the soft porns. I took one look at the title and escorted her to the drama section and showed her the cover box. In my heart I understood every single word she yelled at him.  You must also consider that Blockbuster employs teenagers and has many children come into the store. They wouldn't have a single family step into the store again if they opened a back room with a guard.
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