Deathwatch: Blockbuster digging its own grave ready for death
The company that was once a byword for film rental is preparing itself for bankruptcy according to a report on The Consumerist. With $900 million of debt and its business model blown out of the water by postal film rental and instant movie downloading, the Blockbuster store suddenly looks as outmoded as the Sinclair ZX81 and white dog shit.
The company has had a bash at postal rental, but with so many other competitors offering the same service, and with some offering better value, it hasn’t been enough to keep Blockbuster afloat.
As yet, there has been no word on the future of Blockbuster’s UK stores and we’ll be watching the American skies for developments on the this one.
Are you still a Blockbuster customer or have you moved on to other sources for your filmic entertainment? Will you mourn their demise or are you too cold-hearted and cynical for all that sort of thing?