Blockbuster Files For Bankruptcy

Dallas-based Blockbuster Inc. filed for Chapter 11 bankruptcy protection yesterday, calling into question the futures of over 5,600 stores worldwide. The company will be evaluating each location on a case-by-case basis, and seeks to cut costs after reporting a $558 million net loss last year. Newsweek credits the company's slow adoption of new media distribution methods as a big reason for the company's decline. "... while Blockbuster discussed creating its own subscription service to rival Netflix, it wasn't until August 2004 that its online DVD rental program actually started in the US. And when, in 2004, Coinstar entered the market with its Redbox DVD kiosks, Blockbuster didn't begin installing similar devices until 2008." CNET suggests that "Leaders of pay TV services might be wise to start doing the business equivalent of digging foxholes and manning the battlements or the same thing could happen to them."

Comments

Re:I'll miss them

[jlf278]

>>Maybe they will build their next brick-and-mortar store out of clue-by-fours.

Hey moron, there's no such thing as clue-by-fours. They're called 2"x4's! What an f'in dumb@$$. Could you be anymore clueless?

Re:Good

[russotto]

I'm giving you serious advice here. It is not healthy to stock up on anger like that. Take yoga classes. Really, I'm fucking serious.

Yoga? Yoga's not going to help. It gives you way too much time to put your body in uncomfortable positions and _think_ about all the ways various bastards wronged you. Like that damned yoga teacher who suckered you into dislocating your own hip.

Re:CEO and Investors

[RevWaldo]

"This is all your fault!" cried the CEO at the press conference, pointing his finger at the crowd. "We asked you, begged you to rewind, but you wouldn't, you just wouldn't, I... " His voice trailed off, then his eyes rolled back as he collapsed onto the podium, then into a heap on the stage, the toppled-over mics blasting everyone's ears with feedback, then falling silent.

.

Re:I'll miss them

[Lumpy]

Sorry but a Clue by four does exist.

It's a 2"x4" with nails in the end you swing and hit people with.

Re:I'll miss them

[sharkey]

I don't know WTF people do, let their kids play hockey with the things?!

It's just a new iteration of an old problem. Back in the 80's and 90's, the VHS rewinders used to break tapes on a regular basis. I imagine that the DVD rewinders being sold now can dish out some serious scratches.