Blockbuster files for Chap. 11

Discussion in 'Economy' started by Kevin_Kennedy, Sep 23, 2010.

  1. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    18,020
    Thanks Received:
    1,612
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,172
    Blockbuster Turns Itself Over to Creditors - WSJ.com

    Good thing those genius anti-trusters stopped Blockbuster and Hollywood Video's merger so they wouldn't become a monopoly. :rolleyes:
     
  2. william the wie
    Online

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    9,511
    Thanks Received:
    951
    Trophy Points:
    245
    Ratings:
    +3,107
    This industry will continue to decline.
     
  3. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    60,442
    Thanks Received:
    12,564
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +38,513
    Of course it wouldn't have mattered.

    Any business which distributes a product that can more easily be distributed via the Internet is under serious threat. Video rental was one of those.
     
  4. Mr Clean
    Offline

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    11,237
    Thanks Received:
    2,464
    Trophy Points:
    270
    Ratings:
    +5,019
    Just as Blockbuster killed the Mom and Pop video store, Netflix and On Demand services killed Blockbuster.

    It's a dog-eat-dog world.
     
    • Thank You! Thank You! x 1
  5. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    18,020
    Thanks Received:
    1,612
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,172
    I don't see the industry of video rental as in decline at all. You've got Redbox and Netflix for physical video rentals, and OnDemand services as well.
     
  6. kwc57
    Offline

    kwc57 BOHICA Obama

    Joined:
    Jul 13, 2009
    Messages:
    12,920
    Thanks Received:
    2,402
    Trophy Points:
    255
    Location:
    Oklahoma City, OK
    Ratings:
    +3,440
    Aren't they too big to fail? Somebody somewhere should do something!
     
  7. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    18,020
    Thanks Received:
    1,612
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,172
    It doesn't matter in the sense that the Blockbuster-Hollywood merger probably still would have filed for bankruptcy, but this just goes to show the nonsensical idea behind anti-trust laws.
     
  8. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    18,020
    Thanks Received:
    1,612
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,172
    Certainly not. The point is that the anti-trusters don't have any idea what they're doing.
     
  9. CurveLight
    Offline

    CurveLight BANNED

    Joined:
    Oct 16, 2009
    Messages:
    9,768
    Thanks Received:
    315
    Trophy Points:
    0
    Ratings:
    +315

    In fifty years there will be DVDs on museum walls next to 8-track tapes. Even Netflix is looking how to get in the digital wedge because the idea of images/music being transported by plastic is obselete.
     
  10. william the wie
    Online

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    9,511
    Thanks Received:
    951
    Trophy Points:
    245
    Ratings:
    +3,107
    Unless demand explodes total revenues will keep going down. Advertiser supported web sites such as hulu, direct downloads for a royalty fee and so on will not only take out this industry but cineplexes too.
     

Share This Page