Sep 17, 2009

Bye Bye Blockbuster

According to The Hollywood Reporter, the biggest movie rental retail service, Blockbuster Video is going to eliminate 20% of it's locations. These cost-cutting measures stem from brutal competition against movie-fan-favorite mail-in-service Netflix and on-the-rise dark horse from the grocery and convenience stores, Redbox. Blockbuster is hoping to use the money saved from these locations for funding a huge Redbox kiosk knockoff spree.

Personally, I can't remember the last time I walked into a Blockbuster store. Even before I had a Netflix account, and was signed up to Blockbuster: Total Access, I never saw the need to go to the actual store. Now I know there are some people who get spur-of-the-moment urges to go pick up a movie, but there are now so many movies available online, iTunes, Comcast: On Demand, and probably a hundred other sources. So with it's main source of revenue being movies, the gamers out there might be suffering from this change. But if you are, just sign up for Gamefly. It's more cost effective and convenient anyways. The world has passed Blockbuster by and they don't seem stable enough to catch up. So I say ce la vi, the world will keep turning.

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