With the proliferation of companies like Netflix (which I love) and the up-an-coming video on demand technology through cable and satellite, Blockbuster may be in trouble.
Here's Blockbuster's net income for the last few years:
Lost $1.62 billion in 2002
Lost $978.7 million in 2003
Lost $1.24 billion in 2004.
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1.11.2006
DVD Trouble
With the proliferation of companies like Netflix (which I love) and the up-an-coming video on demand technology through cable and satellite, Blockbuster may be in trouble.
Here's Blockbuster's net income for the last few years:
Lost $1.62 billion in 2002
Lost $978.7 million in 2003
Lost $1.24 billion in 2004.
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11 comments:
My wife works for Blockbuster Corp. in Dallas, and we were talking about this exact same thing a couple of days ago.
She said that Blockbuster is in the process of launching a line of new products within the next quarter.
Such as: single use dvd's (I guess they automatically stop working after 30 days?), On-demand tv channel, and the acquisition of a couple Internet rental companies.
HOPE THEY FOLD JUST LIKE ALL THE MOM AND POP VIDEO RENTAL STORES THEY CAUSED TO FOLD!!!!!
Blockbuster did not cause mom and pop video rental stores to fold. First of all, video rental has only been around for about 20 years, so anybody getting into that business was taking advantage of a new trend. Not exactly the same as the little town hardware store that was around for a hundred years. Second, the mom and pop video rental stores took business away from the movie theatres. Finally, since video rentals at mom and pops versus blockbuster aren't much different in price...seems like the people that put mom and pop video rental stores out of business are the people in the town who decided to go to Blockbuster. If everyone in a community felt strongly about not doing business with chains, then your mom and pops would survive. There's no law that says you have to shop at WalMart, Blockbusters, McDonalds or any other big conglomerate. So don't.
Hey Barry! Could 11:31 be ruled insider information if I go buy some stock?
Good riddance.
All of you haters out there need to remember they are employing Americans.
Enough jobs are going overseas. I don't want any American companies to fold.
Jerks!
That is why Blockbuster has 5000 stores overseas, and just 1500 in the U.S.?
All I know is that when a new release is $5.64 @ my Blockbusters store, I'll happily pay my $14.95 for two unlimited rentals w/Netflix a month. And, I don't have to stalk the New Release aisle hoping to find something....
Ok, and who do you think operates NetFlix? Why do you think they are so cheap? -Outsourcing
If you want to support your local businesses, you might want to pay that $6 for a new movie release-otherwise you are contradicting yourself.
I'm not contradicting anything...I'm enjoying my Netflix, at a much cheaper rate--not to mention more conventient altogether, shipped from the warehouse in Coppell. And, I'm guessing that the people they hire to work in the receiving/dispatch dept. IN Coppell are not commuting in everyday from out of the good ol' US of A.
Haters! hurrrr! That sure is a convincing arguement. My defenses have been fatally weakened.
Accepting what a company does just because they are "American" (whatever that means anymore, I'm sure Blockbuster would dump all their US employees in a heartbeat if they could, they have no loyalty to you, why should you have some for them?) is the exact reason why Detroit is dead. They get a big head and think anything they do will be accepted by consumers and we get a poor product.
In this case it is poor movie selection.
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