Thread: What's happening with Block Buster?

Heard a rumor form some Blockbuster employees yesterday that they are closing a large number of stores. Seems they are losing money. Is this true?

I would be greatly disappointed as one of them slated for closing is the one I use that is less than a mile from my house. In fact, I understand they are closing several in my area and this would put the nearest open Blockbuster that I know of about 8 miles from the house.

I had movie pass which was a great thing while it lasted. I just signed a new contract for a year but it looks like BB will be breaching that on me in November.




Recent stuff BB has done that seems to not be working well is the BB on line where you never can get the movies on the latest releases, only the old ones seem to be available. Lots of food sales is poor compared the the inventory they carry. They have been carrying more and more of the Exclusive BB movies. Seems OK but I don't know what the cost is up front on these Exclusives. Movie Pass seems like a real loser. I have it and it saves me between $160 and $200 a month. vs renting at normal rates. I see, however, they don't have too many people on those and they don't advertise it. I can see why.
Management turnover is swift, monthly it seems.

So if any of you know, what is the financial picture like for BB nationwide?

a bunch of local stores closed then reopened. it appears a business on its way out, locally giant eagle are closing all their iggle video stores in favor oif self service kiosks.

PPVs and VOD are probably the cause

I wouldnt want to open stock in this company.

The video store is going the way of the rotery phone.

I think they closed almost 300 stores last year (FY?) and will close almost as many this year.

Perhaps if they come to view local stores as supporting their online business (easy quick return), they might compete with Netflix.

I think there will be a (declining) market for a few local video stores to go browse thru for a rental, especially with kids. But it's on it's way to obscurity. Maybe bookstores will get more into selling DVDs, as that "walk in" market declines also. Online ordering is only going to take away ever more market share, both for sales and rental. Then, one day, downloading will take off.

With IPTV technologies starting to grow, many folks will start saying soon, who go to the video store, when everything is there at their fingertips alrady.

I hear NetFlix is testing an IPTV box which lets you rent movies without them needing to ship you the disc.

They closed one of the stores in my town, they had two, I guess competing with Netflix and Redbox is too hard to overcome.

Originally Posted by Scott Greczkowski

With IPTV technologies starting to grow, many folks will start saying soon, who go to the video store, when everything is there at their fingertips alrady.

I hear NetFlix is testing an IPTV box which lets you rent movies without them needing to ship you the disc.

Netflix remembers name, streams movies online - FierceIPTV - IPTV News, IP Videos, Quadruple Play, Set-top box

I haven't tried it yet, but looking forward to give it a shot, I get 18 hrs of movies to watch a month at no extra charge.

I see...


Blockbuster's new boss hopes to repeat his 7-Eleven success - International Herald Tribune

Talk about me being clueless, I had no idea BB was in this much trouble and soon to be history. Let's hope they can recover. I kind of like the idea of renting DVD's. I was looking forward to getting into Blue Ray soon using BB for my source as I really don't like buying the disks at $20 for a one time watch on 90% of my movies.

I'll be checking back in with Hollywood Video again to see how they have improved. I see Hollywood Video still has MVP for competitive price to BB.

Originally Posted by Don Landis

I see...


Blockbuster's new boss hopes to repeat his 7-Eleven success - International Herald Tribune

Talk about me being clueless, I had no idea BB was in this much trouble and soon to be history. Let's hope they can recover. I kind of like the idea of renting DVD's. I was looking forward to getting into Blue Ray soon using BB for my source as I really don't like buying the disks at $20 for a one time watch on 90% of my movies.

I'll be checking back in with Hollywood Video again to see how they have improved.

Try Netflix, you'll never go back.