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Blockbuster may file for bankruptcy

Discussion in 'The Movies' started by Stuart Sweet, Mar 17, 2010.

  1. Vin

    Vin Legend

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    Mar 29, 2004
    Along these lines, until recently they were allowing a 7 day grace period beyond the return date which meant 9 days total for new releases and 12 days for non-new releases. A couple of months ago this got even better when they increased the grace period to 10 days beyond the return date.

    During my last visit (Sunday), upon checking out my non-new release DVD I was told, "due back on Friday". When I asked about the grace period I was told it not longer existed as of March 1st.

    He then went on to tell me they would charge an extra $1 a day for 10 days, at which point it becomes an automatic sale (reversible if returned within 10 days of the sale).

    For the record, I also use Redbox and I'm a Netflix member as well but would still use BB, mostly to use my BB Rewards Program free monthly non-new release coupon.
     
  2. anleva

    anleva Icon

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    I prefer Blockbuster Online to Netflix so I'll be sorry to see them go. Since I have two Blockbuster stores within a mile of my house and can do the in store exchanges, it is a much better option for me. And the Blu-ray titles I want are usually available in-store as well. It's worked well for me.

    If they do go out of business I'm off to Netflix again. After putting together a nice home theater I just can't accept the lower audio and video quality and higher prices per movie of DirecTV Cinema, no matter how convenient.
     
  3. CraigerCSM

    CraigerCSM Guest

    I didn't know this thread was here when I posted my topic about it, sorry about that. I should use the search function more often.

    They have the clearance sale signs up at my local Blockbuster. I wonder if they are still going to try and go with all Kiosk's and that will save them?
     
  4. bobnielsen

    bobnielsen Éminence grise

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    The only rentals near me are Safeway and an independent store (which has a pretty good selection). The prices of both are slightly better than Directv On Demand, not even close to Redbox, but the nearest one of those is 15 miles away. Hollywood is about the same distance and Blockbuster is even further. I'm on the Netflix 30-day free trial but haven't decided whether to keep is (good so far for both online streaming with my BD player and DVDs by mail). I understand that a lot of McDonalds have Redbox, but none in this area.
     
  5. xmguy

    xmguy Active Member

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    I've been with Netflix since 2006. I love it. I get the basic package for $8.99. I get shows like Dallas that regular TV no longer airs in syndication. I also stream online. I was surprised a few years back when Netflix actually went DOWN in monthly costs.
     
  6. hdtvfan0001

    hdtvfan0001 Well-Known Member

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    Ironically, the Blockbuster store located about 1.5 miles from my house continues to do near-record business. I have gotten to know the Manager over the years, and he indicated his 2010 1Q numbers are ahead of last year, and that was only slightly below his 2008 numbers (which he said were fantastic).

    But obviously, the brick and mortar model has limited appeal and higher operating costs...so this does NOT come as any kind of shock.
     
  7. bidger

    bidger Hall Of Fame

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    Well, said manager should start updating their resume with all those stats highlighted because someone doing that will be very much in demand.
     
  8. matt

    matt New Member

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    The one here in Stillwater has changed their sign today to read that they are closing and everything must go!

    I am glad to see them leave but hate that people are losing their jobs.
     
  9. scroll

    scroll Mentor

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    Habits die hard.
     
  10. Movieman

    Movieman Hall Of Fame

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    I think this has caused them the most issues. From what I have read they are very quick to deliver movies but their On Demand is still per rental rather than unlimited.
     
  11. mystic7

    mystic7 Icon

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    I've only been to Blockbuster once in the past 2 years, not because of the service, or the prices, but because there's NOTHING coming out of Hollywood that captures my attention anymore. Even the 3 or so movies I've rented, like Sherlock Holmes, have me dreading about 15 minutes in that I have to invest the next two hours of my life to staying awake.

    btw, if Blockbuster wants to save itself, they can start by charging a rewind fee on DVD's. We all know how stupid so much of the public is. They're bound to bring in at least a grand or two per store each month.
     
  12. Cholly

    Cholly Old Guys Rule! DBSTalk Club

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    Indian...
    My #1 son, with whom I now live, was a Blockbuster store manager during the nineties. He had the reputation of fixing up troubled stores, so moved around stores in Charlotte. They wanted him to become a district manager, but he didn't want to relocate and eventually quit.
    Redbox and Netflix now really dominate the rental market in these parts. Hollywood Video has closed up shop and I wouldn't be too surprised to see some of the nearby Blockbuster stores close as well. I currently do all my renting on Netflix and like the ability to stream many titles to my TiVo DVR's.
     
  13. Mikej0530

    Mikej0530 Cool Member

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    Dec 23, 2008
    I work at Walgreens and today we were told to pull the Blockbuster Gift cards by our corporate office that they were unsellable. I'm curious to see if an announcement is getting ready to come out from Blockbuster.
     
  14. Stuart Sweet

    Stuart Sweet The Shadow Knows!

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    Hmmmm.... very interesting.
     
  15. kss123456

    kss123456 New Member

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    It sucks, the one near me closed
     
  16. Jtaylor1

    Jtaylor1 Legend

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    Yep, it is stupid. DVDs can't be rewound.

    My local movie theater, Carmike, has now raised it's movie prices to $14 a person.

    My Walmart and Kroger have a Red Box.
     
  17. Dave

    Dave Icon

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    Seen a Blockbuster kyak in the local .99 cent store. This is a big chain out west. Like the dollar tree stores all over. I guess the are going the Redbox route for now.
     
  18. dpeters11

    dpeters11 Hall Of Fame

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    Now I have visions of a kayak with Blockbuster branding at a .99 cent store, because Blockbuster lost their paddle.

    The problem with the Blockbuster kiosks is they really don't get revenue from it, just a licensing fee.
     
  19. SamC

    SamC Hall Of Fame

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    Classic economics. Blockbuster is the 2010 version of the proverbial "buggy whip maker".

    Rather than be sad that some strip mall landlord has to find an openning and a few kids have to look for a new minimum wage job, be happy that you (still) live in a dynamic economy where techonological advances still find their way to you, the customer.

    BTW, writ large, same comment, relative to the dying newspaper business.
     
  20. hdtvfan0001

    hdtvfan0001 Well-Known Member

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    Another long-time brand about to bite the dust....the franchise stores are not affected supposedly....but there is also little reason for them to hold on much longer either as the supply chain would be re-engineered....deterioration inevitable. All sad in a way.
     

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