Blockbuster files for Chap. 11

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

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    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
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    william the wie Gold Member

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    This industry will continue to decline.
     
  3. Toro
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    Toro Diamond Member

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    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
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    Mr Clean Gold Member

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    Just as Blockbuster killed the Mom and Pop video store, Netflix and On Demand services killed Blockbuster.

    It's a dog-eat-dog world.
     
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  5. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    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
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    kwc57 BOHICA Obama

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    Aren't they too big to fail? Somebody somewhere should do something!
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    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
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    Kevin_Kennedy Defend Liberty

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    Certainly not. The point is that the anti-trusters don't have any idea what they're doing.
     
  9. CurveLight
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    CurveLight BANNED

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    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
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    william the wie Gold Member

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    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.
     

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