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Bye-bye Blockbuster?

Category: General News
Posted: July 13, 2010 04:13AM
Author: premiumgfx

Blockbuster is an iconic symbol of home entertainment not only in America, but globally too. Reaching from Brazil to New Zealand the local Blockbuster store has been a mainstay in many communities. Do you have a local Blockbuster store? I'm pretty sure you do, but in New Zealand my local store closed down silently a few years ago. According to Douglas McIntyre from 24/7 Wall St., this fate may meet Blockbuster's American retail operations as soon as next year. McIntyre included Blockbuster on his list of the "10 Brands That May Disappear in 2011." We all know that Blockbuster is far from its days of former glory, with the humble physical rental store quickly being replaced by cable, satellite, the internet and mail order DVDs. Blockbuster has over 6000 retail stores, of which 3,750 are in the United States. The closure of all these stores may sound drastic, but competitor Movie Gallery is closing more than 1200 of its U.S retail outlets. With a US$65 million loss last quarter, the future of Blockbuster is not clear but what is certain is that retail stores, the heart of the business will never be the same again.



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RogerDeath on July 13, 2010 08:52PM
Several of their stores around me have closed in the last year, no doubt due to the competative value of Redbox and Netflix. While I hope they don't disappear completely, such things do happen.
Guest comment
Robert Boff on July 14, 2010 05:04AM
Visit http://www.BlockbusterShareholders.com to see the grievences of nearly 300 Blockbuster shareholders with 20% of the VOTE!
danieljury3 on July 14, 2010 09:11PM
The blockbuster in the New Zealand town I live in is still going along with the 2 other video and game rental stores. Its my second choice with $4 new releases on Wednesday although my preferred choice, Channel X has half price Mondays and Tuesdays.
Guest comment
Nomo Blockbuster on July 21, 2010 09:51AM
Blockbuster dug its own grave by making customers feel worthless, hiring inept executives and sitting back while competition took over.

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