Hollywood and Blockbuster Bankrupt?

Spider Pig sign on Blockbuster video storeIt really looks like it, especially in my college city. I drive past 2 blockbusters and a Hollywood video on the way to the freeway and all three are having store closing sales. I thought this might end up happening, but I didn’t think it would be so soon. If you look at how successful Netflix and Redbox are doing right now, there is little question as to why Blockbuster and Hollywood are suffering. For me I would much rather pay a dollar and see the movie that night, than pay seven or so dollars and keep the movie for three days and still only watch it once. Plus I can use that cool machine at the store when I’m getting a Redbox. Even better, for me, than Redbox is Netflix streaming on our 360 at home. What’s better than sitting down, turning on your Xbox, and then having thousands of movies and TV shows at your fingertips.

I hate to say it, but Hollywood and Blockbuster are not going to be around for much longer, but frankly, I’m okay with that.

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5 Responses to Hollywood and Blockbuster Bankrupt?

Nomo Blockbuster
Commented:  31 March 2010 at 2:14 pm()

And many more people are all right with Blockbuster and Hollywood Video being removed from their lives as well.

The time of video stores has come and gone so it’s now time to make way for more profitable and productive businesses if our economy is to get any better.

Ben
Commented:  1 April 2010 at 8:13 am()

We couldn’t agree more Nomo, thanks for the post.

I noticed the same thing the other day, but I wouldn’t count ’em out just yet. Last Friday I saw a Blockbuster-themed Red Box knock-off machine in the local convenience store/Subway. Looks like if you can’t beat ’em, join ’em.

Jason
Commented:  11 April 2010 at 6:58 pm()

Netflix – Needs your money not your business to survive.
Years ago everybody wanted more days now everyone wants 1 night.
Redbox – makes money because they know people wont return the next day.
they also put a hold on your credit card for $25 to guaruntee the movie will be returned. People treat DVD rentals like crap – so there is no one to check the quality of the DVD before it goes out so hope it woks for you – Same with netflix – if it doesn’t work no sweat to them they just send you another piece of crap. If your kid needs a movie for school- forget it, once there are no more local stores. Or if you want to see something older than a couple months when you have friends over forget it. I hope that one day people realize how good local store really were. And that they need something and can’t get it. If people were more responsible in the first place there never would have been a late fee issue. I wonder what would happen if you rented a car and then didn’t return it for a month afterwards and ignored calls about it. hmm?

Nomo Blockbuster
Commented:  28 April 2010 at 12:17 pm()

Local stores were not and are not good. It is simply too inconvenient to gather all your stuff, commute to the store, and search for the item of choice only to find it is not there. Online search takes a few seconds and the movie of choice can often be viewed right there on your computer or television. This is not associated with Blockbuster no matter how much Blockbuster wants to associate itself with it and that is why Blockbuster is a failure and that is why video stores are closing left and right. Simply put: Times changed, Blockbuster didn’t.

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