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Dish to close 300 Blockbuster stores, 3,000 jobs may be lost
Reuters ^ | January 22, 2013 | Liana Baker in New York and Sakthi Prasad in Bangalore

Posted on 01/22/2013 9:40:57 PM PST by 2ndDivisionVet

Dish Network Corp plans to close 300 Blockbuster stores in the United States in the coming weeks and could lay off as many as 3,000 employees, a move that comes days after the DVD rental firm's UK unit went into administration.

Dish is trying to shed unprofitable Blockbuster outlets as online retailers like Amazon.Com Inc and download sites like Apple Inc's iTunes eat away at Blockbuster's business model. The potential job cuts represent about 40 percent of Blockbuster's U.S. workforce of 7,300 people.

"We continue to see value in the Blockbuster brand and we will continue to analyze store-level profitability and, as we have in the past, close unprofitable stores," Dish said in a statement. The company did not disclose the locations of the store closings.

Some of the 300 stores are reaching the end of their leases and others are being closed based on overall performance...

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; TV/Movies
KEYWORDS: bhoeconomy; dish; dvd; layoffs; videos

1 posted on 01/22/2013 9:41:02 PM PST by 2ndDivisionVet
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To: 2ndDivisionVet

Blockbuster has been on the wane for ages.


2 posted on 01/22/2013 9:52:26 PM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: 2ndDivisionVet

I didn’t even know they still had blockbusters around. Where I live they shut those 6 area stores down years ago


3 posted on 01/22/2013 9:53:36 PM PST by Bigtigermike
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To: 2ndDivisionVet

Some business models stand the test of time........some don’t. Not a whole lot of horse drawn buggy manufacturers around anymore.


4 posted on 01/22/2013 9:53:44 PM PST by USNBandit (sarcasm engaged at all times)
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To: 2ndDivisionVet

Next thing to go will be West Coast Video.


5 posted on 01/22/2013 9:56:38 PM PST by Lancey Howard
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To: 2ndDivisionVet

Before long, they will claim that Betamax is dead.


6 posted on 01/22/2013 10:00:24 PM PST by OKRA2012
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To: null and void

bump


7 posted on 01/22/2013 10:02:29 PM PST by GeronL (http://asspos.blogspot.com)
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To: 2ndDivisionVet

Not surprising. As others have mentioned, Blockbuster’s business model is just not cutting it anymore. Between online/on-demand services low overhead competitors like Redbox, there’s just not a lot of reason to go to a Blockbuster anymore. A local place might be able to survive by finding a niche - rare/foreign films for the cult classic-minded, for example - but I just don’t see that being enough of a draw to keep BB afloat. I doubt it will still be in business, at least in its present form, in five years (if that).


8 posted on 01/22/2013 10:19:21 PM PST by DemforBush (You might very well think that. I could not *possibly* comment.)
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To: DemforBush
Blockbuster’s business model is just not cutting it anymore. Between online/on-demand services low overhead competitors like Redbox, there’s just not a lot of reason to go to a Blockbuster anymore.

I know a guy who was a programmer for a new system they were going to have where they could rent and return DVDs by mail, just like Netflix, only before Netflix existed. They cancelled the project after it was finished.

9 posted on 01/22/2013 10:52:07 PM PST by Vince Ferrer
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To: 2ndDivisionVet
Physical Media is sooo 20th Century...

As far as selling it from a brick and mortar store front.

Hell, Amazon now has a deal when you buy a CD they will automatically upload a hi res copy to your free Amazon Cloud account and it doesn't count towards your storage limit. How is Blockbuster going to compete with such without a huge influx of cash for Cloud servers and such?

Stick a fork in them, they are done!

10 posted on 01/22/2013 11:02:40 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: 2ndDivisionVet

Good. The more businesses that go under, the more people lose their jobs. The more government will try to “help” and the faster it will collapse.

Anarchy, despair and pain is about the only thing left to reverse this turn to the dark side.

Go ahead, flame away. I don’t care any longer. Republicans are useless at every level. Democrats are getting cocky so let them overreach.

But since the majority doesn’t care as long as they have crap to watch on TV, why should I?

I’ll just use my copies of the Constitution as fuel to warm the house.


11 posted on 01/22/2013 11:14:26 PM PST by Fledermaus (The Republic is Dead: Collapse the system. Fire all politicians and impeach the judges.)
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To: 2ndDivisionVet

Great. More Obama dependents.


12 posted on 01/22/2013 11:15:30 PM PST by Wiggins
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To: 2ndDivisionVet

Great. More Obama dependents.


13 posted on 01/22/2013 11:15:30 PM PST by Wiggins
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To: 2ndDivisionVet

Great. More Obama dependents.


14 posted on 01/22/2013 11:15:30 PM PST by Wiggins
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To: 2ndDivisionVet

Great. More Obama dependents.


15 posted on 01/22/2013 11:15:30 PM PST by Wiggins
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To: Bigtigermike

None where I live anymore either. I saw one recently while traveling on business and it was like seeing a ghost from the past. It made me think about how going to the video store just isn’t part of my life anymore, even though it had been for decades.


16 posted on 01/22/2013 11:42:28 PM PST by Yardstick
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To: Wiggins
Great. More Obama dependents.

And it's 1-2-3 what are we working for, don't ask me I don't give a damn, next stop is uncle sam's program...

17 posted on 01/23/2013 12:10:21 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: 2ndDivisionVet

Can’t say that I’ll miss them...I remember them in the late 80s and 90s....they were ripping people off left and right with their rental charges, overcharges and outrageous costs for lost movies...good riddance to them.


18 posted on 01/23/2013 3:15:11 AM PST by Gaffer
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To: 2ndDivisionVet

3,000 customers affected as well.


19 posted on 01/23/2013 4:51:57 AM PST by sbMKE
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To: dragnet2

Love that.


20 posted on 01/23/2013 4:54:10 AM PST by sbMKE
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To: Yardstick

I remember the novelty of walking into a Blockbuster and being surrounded by all those movies you could actually rent and take home.


21 posted on 01/23/2013 8:14:53 AM PST by CatherineofAragon (Support Christian white males---the architects of the jewel known as Western Civilization)
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To: 2ndDivisionVet

A good alternative idea for a Blockbuster business model might be to do a licensed DVD print on demand using the Superbit model.

Superbit was an odd effort to put larger than single disk movies onto a single disk, and at a higher than usual bitrate, but with no extras, just a static menu and the movie. For example, the entire Lawrence of Arabia, at 227 minutes, fit on a single disk.

Importantly, if you pirate a Superbit disk, you got a much lower quality everything, because the movie had to be compressed. The format died off with Blu-Ray.

So the bottom line would be that people would request and pay for movies online, maybe two movies to a disk, and get something like a “rental” version that would be legal to own, and a lot lower price than a retail disk, but not have any extras, commentary, or other stuff that comes with full priced DVDs or Blu-Ray. And it would only be DVD quality.

It wouldn’t be worth it to pirate, because if they did it would look as cruddy as a “screener”, recorded in a theater.


22 posted on 01/23/2013 9:38:27 AM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: 2ndDivisionVet

They got a nice dead cat bounce when Netflix decided to irritate the customers for that summer, but it was always doomed. They’d have died quicker if Reed hadn’t hated the Redbox idea, if they were one company working together that unified front would have crushed store based rental in a year or two.


23 posted on 01/23/2013 9:46:09 AM PST by discostu (I recommend a fifth of Jack and a bottle of Prozac)
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