Blockbuster ? Weknew it was dying , courtesy Redbox , Netflix and the changing ways multitude consume their entertainment , but when will it finally expire ? Probably next twelvemonth , consort to one analyst and the company ’s own balance sheet . update .
https://gizmodo.com/maybe-this-is-why-blockbuster-is-dying-5558257
It ’s a balance sheet that ’s continually suffer money , with the latest blast coming last quarter , when Blockbuster bled $ 65 million , reported 24/7 Wall St analyst Douglas A. McIntyre . Life ’s become so dire , in fact , that Blockbuster is ruminate Chapter 11 to eliminate debt .
While the remaining 6,000 stores is nothing to sneeze at ( my belated hometown one not amongst them ) , there is precedence for monolithic , simultaneous closures in rival Movie Gallery . That company had 2,400 stores , you see , and it shuttered them all back in February .
end on a positively charged eminence , the company could have a Redbox / Netflix hybrid future with its existing supermarket kiosks and ring armor service . So here ’s hope that occur , some people can keep their Job , and Blockbuster ’s prognosticate “ death ” in 2011 is merely a metamorphosis into something a bit leaner and meaner . challenger is good , and all that .
Update : Reader Josh write in with an extra bit of depressing news for Blockbuster :
[ W]hen considering the future of Blockbuster kiosks , Blockbuster does n’t actually own any of kiosks . NCR owns and operates all of them . Blockbuster just gets a small licensing royal line for them . So , Blockbuster definitely does n’t have a chance at sustain itself on those kiosks .
Ho HUA . [ YahooviaNeatorama ]
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