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Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009 - Page 2

post #31 of 39
3/16/09 at 3:01pm

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by TonyD
do you guys know the in store exchange was adjusted to
allow for no due date on the from the store rental.

anything you rent for free with the envelope will not have a due date.
your next movie in your Q will not be released until the in store dvd is returned to the store.

I just noticed this as well and it is bullshit. I went from unlimited rentals, to five a month, and now none. I realize you still get some from the store but they took the other ones away so it is like loosing the instore part. Stupid.

Also I use to get one free game a month but they took that over a year ago.
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post #32 of 39
3/24/09 at 8:09am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by Ron-P
I hope their not done. I just canceled my Netflix and signed on with Blockbuster. Netflix can't seem to get movies to me, all my queue says is "long wait" or "very long wait", I got tired of waiting.
I've had exactly the opposite experience. With BB, about half of what I want is tagged with "Long Wait" or "Very Long Wait." I've even come to the conclusion that the later means they actually have, at most, one copy of the movie bouncing around to everyone in the country, as I've had numerous titles at the top of my queue for over three months with no change in availability. Plus, they pause when they get to a "wait" title in your queue and spend a day or two looking for outlets that might have it, delaying the shipment of your next title. Netflix, on the other hand, actually gets me the movies I want within a reasonable time. When they encounter a "wait" title in my queue, they immediately go to the next available title, meaning they check their data base, and if no outlets can ship the movie to me that day, the next title is sent. In the interest of full disclosure, however, I choose to continued renting with BB because they actually do offer upgraded editions of older titles, i.e, special editions of films that Netflix still has only the original releases of. It's a trade-off.
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post #33 of 39
4/7/09 at 9:06pm

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Not very good news for Blockbuster -

Blockbuster says it may not be able to continue - U.S. business- msnbc.com

I'm hoping that they don't go under, as I love my Total Access subscription. But I guess this means that in this age of $5 DVDs and instant video streaming, maybe the video rental business just isn't viable anymore.
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post #34 of 39
4/8/09 at 1:20am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

It's perfectly viable for a company with it's head not planted deeply up it's own behind.

I know of no other video rental business experiencing all the problems Blockbuster is having.... Of course, I know of no other video rental business which has created so many problems and ran off so many customers with it's insane and perpetually changing policies.
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post #35 of 39
4/8/09 at 6:39am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by Clinton McClure
I know of no other video rental business experiencing all the problems Blockbuster is having.... Of course, I know of no other video rental business which has created so many problems and ran off so many customers with it's insane and perpetually changing policies.

I agree with the changing policies part of your statement. It seems like every time I go into that place something has changed with their rentals and my BB online.
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post #36 of 39
4/8/09 at 9:45am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by Clinton McClure
I know of no other video rental business experiencing all the problems Blockbuster is having....
That's because all of its national competitors have gone belly-up. I only rent through Redbox now; $0.99/day beats whatever Blockbuster is charging.
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post #37 of 39
4/8/09 at 11:45am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by Adam Lenhardt
That's because all of its national competitors have gone belly-up. I only rent through Redbox now; $0.99/day beats whatever Blockbuster is charging.
You'd think it'd be thriving if it has the B&M rental market all to itself. But I agree that Redbox is really hurting them. No sense in paying $5/night at Blockbuster when I can pay $1 at Redbox.
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post #38 of 39
4/9/09 at 7:37am

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

Quote:
Originally Posted by Malcolm R
You'd think it'd be thriving if it has the B&M rental market all to itself. But I agree that Redbox is really hurting them. No sense in paying $5/night at Blockbuster when I can pay $1 at Redbox.
But "B&M rental market" is not the market. "Selling videos to people" is the market, and it's filled with competition from non-B&M Netflix, Cable / Satellite video-on-demand and pay-per-view, iTunes / Amazon / Netflix downloads, the pervasive $5 bargain-bin DVDs at Retailers, buying new DVDs instead of renting, and now even vending machines (RedBox)!. It's also facing competition from TV watching in general and video gaming: customers are doing other things instead of renting movies.

There's clearly still money on the table for video, but just because BB is the only video store in the strip mall doesn't mean they've got possession of the video-sales market.

Losing BB will be sad; it was a significant brand-name to me growing up. And yet I'm the reason for their decline: I've rented only a handful of movies from them in the past ten years, with my dollars instead being spread through all the video options.
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post #39 of 39
4/9/09 at 4:27pm

Re: Is Blockbuster done, share price went down 77% in one day to 22 cents - 3/3/2009

All valid points Dave. But I'll not mourn the passing of Blockbuster, as I thought that their selection left a lot to be desired.
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