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Blockbuster Declares Bankruptcy -- Now See What Big Company Will Drop Next
Business Insider ^
| 09/22/2010
| Gus Lubin
Posted on 09/22/2010 8:07:57 AM PDT by SeekAndFind
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To: SeekAndFind
2
posted on
09/22/2010 8:10:47 AM PDT
by
Jeff Chandler
(IMG SRC="http://t0.gstatic.com/images?q=tbn:ANd9GcS4wnfZLXa9jmelZVeXnOrapJaRo4DQ6wxU9-lN8xg0RGOjpc)
To: SeekAndFind
I heard they are going to reorganize and make buggy whips.
3
posted on
09/22/2010 8:10:53 AM PDT
by
Moonman62
(Half of all Americans are above average.)
To: Jeff Chandler
4
posted on
09/22/2010 8:12:00 AM PDT
by
Jeff Chandler
(IMG SRC="http://t0.gstatic.com/images?q=tbn:ANd9GcS4wnfZLXa9jmelZVeXnOrapJaRo4DQ6wxU9-lN8xg0RGOjpc)
To: SeekAndFind
Well, I’m sure we’ll all miss the days of the $3.00 a day late fees.
5
posted on
09/22/2010 8:12:08 AM PDT
by
dead
(I've got my eye out for Mullah Omar.)
To: dead
6
posted on
09/22/2010 8:14:34 AM PDT
by
cweese
(Hook 'em Horns!!!)
To: SeekAndFind
They were doomed when they couldn’t counter Netflix. The instant watching on Netflix is worhless for me, but getting 3 Blu-rays at a time with no fuzz is just impossible to beat at $22.
7
posted on
09/22/2010 8:15:24 AM PDT
by
Tolsti2
To: SeekAndFind
I’m surprised it took so long for this to occur, as Blockbuster is simply a victim of an industry that has changed so dramatically that its core business is obsolete.
8
posted on
09/22/2010 8:16:31 AM PDT
by
Alberta's Child
("Let the Eastern bastards freeze in the dark.")
To: SeekAndFind
It’s their own fault. They chose not to keep up with Red Box and Netflix.
9
posted on
09/22/2010 8:16:31 AM PDT
by
al_c
(http://www.blowoutcongress.com)
To: al_c
i have seen the Blockbuster kiosks in supermarkets and convenience stores. I guess they jumped on the wagon too late.
10
posted on
09/22/2010 8:20:23 AM PDT
by
randita
(Visit keyhouseraces.com to find GOP House candidates who need your support to knock off a DEM.)
To: al_c
They tried the box approach like Red Box here in L.A. but you have to pay attention. Used to go with my former GF(s) to BB years ago just to get out of the apartment but nowadays you can do that in your underwear, going online on Netflix.
11
posted on
09/22/2010 8:20:42 AM PDT
by
max americana
(Hoax and Chains, Dopeychangey)
To: dead
Good riddance to what I would definitely call a greedy company. They cornered the market,drove all the mom and pop stores out of existence, and then proceeded down a couple of decade path of screwing their customers in a virtual monopoly which ultimately became woefully inept at adapting to new technology and consumer preferences......Glad to see this.....
12
posted on
09/22/2010 8:20:56 AM PDT
by
Gaffer
("Profiling: The only profile I need is a chalk outline around their dead ass!")
To: SeekAndFind
Does this mean I can keep Robin Hood that I rented yesterday?
13
posted on
09/22/2010 8:22:19 AM PDT
by
doodad
To: SeekAndFind
The two Blockbuster stores I’ve visited are in strip malls with high vacancy already. Another blow to a depressed real estate market. I guess another dollar store will move in.
14
posted on
09/22/2010 8:22:36 AM PDT
by
JTHomes
To: Gaffer
They cornered the market,drove all the mom and pop stores out of existence, and then proceeded down a couple of decade path of screwing their customers in a virtual monopoly which ultimately became woefully inept at adapting to new technology and consumer preferences......Glad to see this..... The inspiration for Netflix's founder was Blockbuster's outrageous late fees.
15
posted on
09/22/2010 8:23:43 AM PDT
by
Moonman62
(Half of all Americans are above average.)
To: dead
And the reporting those late fees to your credit report immediately.
16
posted on
09/22/2010 8:23:46 AM PDT
by
Domandred
(Fdisk, format, and reinstall the entire .gov system.)
To: SeekAndFind
Only a few years ago, Movie Gallery had nice clean extremely well stocked stores all over this area. Now they are defunct.
Probably Netflix.
17
posted on
09/22/2010 8:24:48 AM PDT
by
yarddog
To: al_c
I looked at the list of 15 other companies and found a few I expected Renault (Who even knew Le Junk was still around), United States Steel (How's that hope and change working out for your big heavily unionized company), Eastman Kodak Company (I no longer own any cameras that use film). Like Blockbuster they have business models that just no longer fit the real world.
I didn't expect to see Porsche on the list, and certainly didn't expect to see them at #2. I figured a luxury auto maker might be having problems these days, but I thought someone would buy them up for the name.
As for the green energy companies like #5 Renewable Energy Corporation they grew faster than demand anticipating the governments to make people buy their products. Now that we are in a world wide recession nobody has money to spend on feel good green crap.
18
posted on
09/22/2010 8:25:10 AM PDT
by
GonzoGOP
(There are millions of paranoid people in the world and they are all out to get me.)
To: JTHomes
RE: The two Blockbuster stores Ive visited are in strip malls with high vacancy already. Another blow to a depressed real estate market. I guess another dollar store will move in.
Let’s not forget that municipal LIBRARIES are de facto competitors with Blockbuster.
A lot of videos at Blockbuster can be borrowed from many local libraries.
Why should I rent videos and pay money for these when I can borrow them FOR FREE in the public library?
They have very little chance to survive if taxpayer funded places become your competitors.
To: Alberta's Child
>>Im surprised it took so long for this to occur...<<
I’m with you. It shows how the “doomsayers” can be right but just off target on the “execution date”.
And you will notice I am not attempting to veil my perspective that this is a lesson in why we have doomsayers regarding the world economy that seem to be “wrong” but we just need to wait a little bit. It is easy to predict (to anyone paying attention) as the Blockbuster bankruptcy.
The timing is the trick. Peter Schiff famously got it right with the housing bubble. I wonder if any of the doomsayers will get it right with their 2010 and 2011 predictions.
20
posted on
09/22/2010 8:30:11 AM PDT
by
RobRoy
(The US Today: Revelation 18:4)
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