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Blockbuster completely running out of money
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The following comments relate to this news article:
article published on 8 March, 2010
According to the NYPost, Blockbuster is on its last legs, and is looking for an equity partner as it runs completely out of money.
Citing insider sources, Blockbuster needs $213.5 million in cash to pay off loans and interest for 2010, with a similar amount coming due in 2011. According to latest financials, the company only has about $211 million in cash, and is expected to lose as much ... [ read the full article ]
Please read the original article before posting your comments.
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Beachman
Newbie
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9. March 2010 @ 22:38 |
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actually i dont know why netflix is doing so well, i have subscribed to both and i found blockbuster online far superior.. anyways.. one mans opinion
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SomeBozo
Member
2 product reviews
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9. March 2010 @ 23:05 |
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I think the differences you might see between NetFlix && Blockbuster is the location where you live and the locality of the disribution centers for each. Netflix has a distribution center in my town drop them in the mail today, then arrive to them the next day and i get the new ones the next day. So I drop them in the mail Monday and receive the next ones on Wednesday. I know from talking with other co-workers blockbuster in my area is nowhere near as good as Netflix.
So the bottom line which one is better for you depends on where you live and your locality to the respective distribution/collection centers for each..
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AfterDawn Addict
1 product review
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9. March 2010 @ 23:29 |
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Originally posted by Beachman:
actually i dont know why netflix is doing so well, i have subscribed to both and i found blockbuster online far superior.. anyways.. one mans opinion
Netflix has a much better selection of DVD, BluRay, and Streaming titles...that is why they are doing so well. Personaly, netflix is very slow in my city, i only get about 20 DVDs a month on the 3 dvd plan...but I get the DVDs I want, and I watch dozens of streaming movies on my PC and PS3.
I think another nail in Blockbuster online's coffin is how blockbuster has always treated their customers. Charging outrageous late fees, high rental fees, and then making up fees, not telling you about them, and billing you a year later with 80,000% interest. Just about everyone in the country has gone through this kind of mess with blockbuster, and most of them will never give this corporation a chance to get their business again.
As for game rentals, there is always gamefly, and I bet redbox could make a killing if they setup "BLUbox" and filled it with games.
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SimonMagn
Newbie
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10. March 2010 @ 10:16 |
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Quote:
Originally posted by SimonMagn:
Many Many Many,,,,,,,,I worked at blockbuster for quite some time. A vast majority of people took much longer than 4 days to bring it back. We had people on movie passes and game passes that took a single game or movie out and returned them 3 months later, paying 21.99 month ....
In the end, it is the laziness/forgetfullness or whatever of the customer that causes lates fees...
John
Interesting to know that some people are so forgetful/stupid as to rent the movie long enough that it costs them more than going out and purchasing it new, haha.
We actually had a customer that had the same game out for over 6 months...21.99 per month, He paid $134.00 for the game over that period and then had to return it. We called many times to warn him but later found that he had put the wrong phone number on his blockbuster account, the people we were leaving voice mail with obviously did not care enough to let us know it was a wrong number.
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aftdnick
Newbie
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10. March 2010 @ 18:03 |
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I've always liked blockbuster, but I haven't been there in almost 6 months now. Between the internet and redbox (especially with the free rental codes), I'm covered.
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AfterDawn Addict
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10. March 2010 @ 18:06 |
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BB does have one big positive
You get the newest releases on the day they are released!
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Member
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11. March 2010 @ 03:41 |
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Originally posted by mitchst:
Here's What Blockbuster need to do.
-Have one unified Blockbuster subscription which can be used online and instore.
-Expand online rentals to games and other products.
-Allow users of online rentals to return them instore (and vice versa).
-have an online streaming service, with full crossbrowser support so content can be watched on any browser (PS3?) (this is the future imo)
-Compete with with Apple-TV. Make there own "Block-BOX" and stream content and rentals to tvs via the internet.
Just few things off the top of my head, there are so many ways blockbuster could go, but they're stuck way to much in the '90s
1st is done
2nd I believe, not certain is done
3rd Is done, I rent 2 online, return to the store, they give me 2 until my new 2 come in the mail (no extra charge)
4th Don't know
5th Don't know
BUT I have noticed stand alone BBs inside the local Gas stations now much like redbox is. Gas Station is either Quicktrip or Race Trac
I'd hate to see Blockbuster go down to be honest. Redbox does NOT have alot of the new releases. While blockbuster does. I do like going to block buster, I haven't been in awhile, but its a nice ez way to see old movies, or when your bored and do want a movie but not sure what you want. Yes I know there are other local smaller stores, but lets be real.
If blockbuster goes down, what do you think will happen at Redbox and at your local shops. With out the compitiotion of BB they will be able to raise their prices. So people can wish it all they want and bash BB. But, do you really want to see the after effect of lossing a major entity like Blockbuster??
Just my thoughts,
LD
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Mez
AfterDawn Addict
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11. March 2010 @ 09:38 |
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The reason BB is failing is it is run by morons. They got big because they could buy more and cheaper than the little guy. The only way they fight is to copy what the competition is doing. The competition is run by smarter persons. They actually invented a new wrinkle. When they went to on line they sold to their brick and mortor customers. How stupid is that?
Because they are run by morons they really do not have a chance.
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madr68
Newbie
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11. March 2010 @ 09:51 |
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Well in canada if BB sells or closes stores, Ted Rogers(Rogers Video) will probably buy up some BB Stores or maybe even Bell, They just bought The Source once known as(Radioshack) in Canada.
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