Blockbuster's gone bust (again)

[Christmas themed thank]

Blockbuster closing 72 stores...

Blockbuster's administrator will close 72 stores

Its administrators, Moorfields Corporate Recovery, said the move was not an "easy decision to make".

The news was likely to be "extremely upsetting" to staff, they said.

Moorfields said Blockbuster had faced a period of poor trading performance across rental and retail sales.

They added: "We must reiterate that, as part of our attempts to turn around the business, today's decision is necessary if parts of Blockbuster are to be saved and a buyer found."

Blockbuster is one of many High Street brands under pressure lately, particularly from online competitors.

Camera chain Jessops has gone into administration; music and DVD group HMV has closed 66 stores; and electrical chain Comet closed last year.

 

[stulid]

Thanks for the news feed

 

[Sho]

Ok.

 

[Lysander]

Right, onto the next thread then.

 

[Christmas themed thank]

It's a shame really. They were very good back in the day .

 

[Lysander]

It's a shame really. They were very good back in the day .

They were a video shop. How hard can it be?!

 

[Dunks]

Didn't blockbuster scoff at the idea of moving to online streaming content, i.e. Netflix?

No one to blame but themselves!

 

[easyrider]

and?

 

[Christmas themed thank]

Didn't blockbuster scoff at the idea of moving to online streaming content, i.e. Netflix?

No one to blame but themselves!

They actually did add an on-demand service in the USA, but it was too late .

I knew they wouldn't survive after being rescued.

I hope all the people who lose their jobs will find new work quickly.

 

[estebanrey]

When I was a kid we had lots of independent video rental stores in my area. A few years later Blockbuster came to town and opened a couple of large stores. A couple more years later and the vast majority of the independents had gone out of business.

If you live by the sword........

 

[easyrider]

When I was a kid we had lots of independent video rental stores in my area. A few years later Blockbuster came to town and opened a couple of large stores. A couple more years later and the vast majority of the independents had gone out of business.

If you live by the sword........

Agree thats what happened in our highstreet.

**** em

 

[Christmas themed thank]

I don't care about the business so much, as I care about all the potential unemployed people at Christmas time.

Blockbuster have caused this and for that they should be deeply sorry.

 

[phil675]

It was pretty unsustainable with internet services popping up. I mean £5 to rent a film for a night? Yeah right mate.

Still I have good memories of going to Blockbuster as a kid, grabbing some videos, maybe a PS1 game too. Some popcorn and all that.

 

[Christmas themed thank]

They're 'by-post' service was actually pretty decently priced. But, when you can pay £10 (approximately) to get Netflix and unblock-us (all Netflix regions), one just sort of forgets about it.

 

[ElliorR]

I used to live about 50 yards from a Blockbuster and I still got late fines

Man I can be a terrible procrastinator.

 

[Nevakonaza]

Im not surprised with their rental prices.

Blockbuster were good back in the day,especially for console game rentals and all but they started getting greedy and putting up their prices a lot.

 

[McBain]

The store that keeps on giving.

 

[Steampunk]

The Blockbuster business model was never sustainable in view of the changing market. How many years has it been since you could download a movie direct to your TV, paying from your living room, or even before that getting stuff sent to you at home via Netflix or Lovefilm?

Other people took the movie rental business, and updated it for the internet-connected age, where Blockbuster stuck with what worked in the nineties, and they paid for it. No one should be surprised that an old business model was killed by a new business model selling the same things, but doing it all better, cheaper, more conveniently and what the customer wants.

 

[Christmas themed thank]

The Blockbuster business model was never sustainable in view of the changing market. How many years has it been since you could download a movie direct to your TV, paying from your living room, or even before that getting stuff sent to you at home via Netflix or Lovefilm?

Other people took the movie rental business, and updated it for the internet-connected age, where Blockbuster stuck with what worked in the nineties, and they paid for it. No one should be surprised that an old business model was killed by a new business model selling the same things, but doing it all better, cheaper, more conveniently and what the customer wants.

+1. Very well put.

 

[chaparral]

The Blockbuster business model was never sustainable in view of the changing market. How many years has it been since you could download a movie direct to your TV, paying from your living room, or even before that getting stuff sent to you at home via Netflix or Lovefilm?

Other people took the movie rental business, and updated it for the internet-connected age, where Blockbuster stuck with what worked in the nineties, and they paid for it. No one should be surprised that an old business model was killed by a new business model selling the same things, but doing it all better, cheaper, more conveniently and what the customer wants.

Another good one is the sky store..

No need to get in the car and waste fuel/time driving to (and from) blockbuster..(twice)