MacDailyNews Take: Reorganize into what?
Anderson continues, “The move, long expected and pre-arranged with bondholders, effectively ends an era that Blockbuster dominated — of Americans visiting video-store chains for the latest movie-rental releases… Blockbuster, founded in 1985 by a Dallas software entrepreneur, was once a home entertainment powerhouse. It helped popularize videotape recorders and took off in 1987 after Waste Management Inc. founder Wayne Huizenga took control and began aggressively expanding and buying up competitors.”
MacDailyNews Take: Blockbuster is the Nokia of the 1990s.
Anderson reports, “But Blockbuster has been losing money and market share for years. As Netflix and other services gained popularity, Blockbuster tried to keep up. It ended late fees and started online and kiosk services of its own. But it was unable to keep its debt in check. Billionaire investor Carl Icahn will help steer the latest efforts to save Blockbuster, reviving a role he played previously in trying to shape up the company. He has thrust himself into position of power, this time by snapping up about one-third of Blockbuster’s highest-priority debt, according to a report published Wednesday in The Wall Street Journal. “Blockbuster said in its filing it had about $1 billion in assets and $1.46 billion in debt.”
MacDailyNews Take: Friends don’t let friends do physical media.
Anderson reports, “Blockbuster’s largest creditors include the Bank of New York Mellon, Twentieth Century Fox Home Entertainment, Warner Home Video Inc., Sony Pictures Home Entertainment, The Walt Disney Co., Universal Studios Home Entertainment and other movie studios.”
Read more in the full article here.
MacDailyNews Take: Blockbuster still has physical stores? Who knew? For nostalgia’s sake, we’re going to figure out where the nearest one is and get over there later to see it one last time. We imagine a lonely clerk fast asleep in a bright blue and yellow fluorescent-lit tomb. Boy, is he going to be shocked when people walk in!
As followup to my NBC post, adapt or die. They were the kings in their day, but they let the young and hungry Netflix and Redbox usurp their throne.
As followup to my NBC post, adapt or die. They were the kings in their day, but they let the young and hungry Netflix and Redbox usurp their throne.
if blockbuster was so 90’s, then redbox is so 2000’s. only way to rent is to stream movies. I have my new apple mac mini connected to my samsung hdtv. i use netflix $9 per month deal, which allows me to watch unlimited streaming movies and they look great. try netflix here
http://www.netflix.com/taf?mqso=80027989
if blockbuster was so 90’s, then redbox is so 2000’s. only way to rent is to stream movies. I have my new apple mac mini connected to my samsung hdtv. i use netflix $9 per month deal, which allows me to watch unlimited streaming movies and they look great. try netflix here
http://www.netflix.com/taf?mqso=80027989
It’s nice to know some dragons can be slain. Even if they’re whiny stupid little dragons vs. “Dawn of the Computing Dark Ages” dragons. All the same… SUCK ON IT BLOCKBUSTER!
It’s nice to know some dragons can be slain. Even if they’re whiny stupid little dragons vs. “Dawn of the Computing Dark Ages” dragons. All the same… SUCK ON IT BLOCKBUSTER!
Blockbuster could have been netflix!
Their mistake, u think they would be trying harder, they are just goig to roll over and die
Sticks in the mud turns to bones
Blockbuster could have been netflix!
Their mistake, u think they would be trying harder, they are just goig to roll over and die
Sticks in the mud turns to bones
I discuss the blockbuster situation with a buddy of mine from time to time because we both used to work there years ago. I think it’s a great example of ‘innovate or die’, and of a company who has visionless leadership. Blockbuster owned the video rental industry 15 years ago and then basically just handed it over to more forward thinking companies. Their only excuse for falling so far behind is piss poor leadership.
I discuss the blockbuster situation with a buddy of mine from time to time because we both used to work there years ago. I think it’s a great example of ‘innovate or die’, and of a company who has visionless leadership. Blockbuster owned the video rental industry 15 years ago and then basically just handed it over to more forward thinking companies. Their only excuse for falling so far behind is piss poor leadership.
Wonder if they had to pay late fees on those late payments?
Wonder if they had to pay late fees on those late payments?
Some analysts should use this example to remind them why Apple will “kill” its own products before the competition has a chance to catch up.
Some analysts should use this example to remind them why Apple will “kill” its own products before the competition has a chance to catch up.
MacDailyNews Take: Friends don’t let friends do physical media.
LOL; would be even funnier if was true. Do you really want to compare a download/streaming movie to Blu-ray? Or HD audio to 256kbps songs? Go ahead, enjoy your over-compressed crap.
MacDailyNews Take: Friends don’t let friends do physical media.
LOL; would be even funnier if was true. Do you really want to compare a download/streaming movie to Blu-ray? Or HD audio to 256kbps songs? Go ahead, enjoy your over-compressed crap.
Extinct!
Extinct!
Anderson reports, “Blockbuster’s largest creditors include… Twentieth Century Fox Home Entertainment, Warner Home Video Inc., Sony Pictures Home Entertainment, Universal Studios Home Entertainment and other movie studios.”
And yet these people fear doing business with Apple?
If smart, would get on board with Apple to recoup the money they are going to lose by backing ‘BlockBuster’!
Anderson reports, “Blockbuster’s largest creditors include… Twentieth Century Fox Home Entertainment, Warner Home Video Inc., Sony Pictures Home Entertainment, Universal Studios Home Entertainment and other movie studios.”
And yet these people fear doing business with Apple?
If smart, would get on board with Apple to recoup the money they are going to lose by backing ‘BlockBuster’!
Most of my visits to Blockbuster in the past few years have consisted of walking into the store, not finding the title I was looking for, and leaving. Once you’ve done that a few times, your behavior tends to change.
There are nearly a dozen Redbox locations in my immediate area. I can look online to see if they have what I want and, if so, reserve it so it isn’t gone before I can get to that location.
Bye Blockbuster. I won’t be at your funeral.
Most of my visits to Blockbuster in the past few years have consisted of walking into the store, not finding the title I was looking for, and leaving. Once you’ve done that a few times, your behavior tends to change.
There are nearly a dozen Redbox locations in my immediate area. I can look online to see if they have what I want and, if so, reserve it so it isn’t gone before I can get to that location.
Bye Blockbuster. I won’t be at your funeral.
The reason to buy actual media is for all the extras, like director and actor’s commentaries and the behind the scenes content. Don’t think you’ll see that with some rental you have to use or lose in 24 hours.
Oh yeah, there’s that 1080p part, too.
The reason to buy actual media is for all the extras, like director and actor’s commentaries and the behind the scenes content. Don’t think you’ll see that with some rental you have to use or lose in 24 hours.
Oh yeah, there’s that 1080p part, too.
A few days after I got my iPad and Netflix I cut up my BB card and haven’t been back since.
I went in there one time looking for Fargo, because my girlfriend hadn’t seen it. This was maybe 3 years ago. Out of three BB employees, NONE OF THEM HAD EVER HEARD OF FARGO.
Massive Fail.