Blockbuster To Close More Stores
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The chain's new owner, Dish Network (DISH +1.33%), has said it will close 500 under-performing Blockbuster locations with expiring leases...
There is that expiring leases again. Not that anybody is in the dark, as leases expire at all BB stores we're going to see them close because they are all under-performing...
There is that expiring leases again. Not that anybody is in the dark, as leases expire at all BB stores we're going to see them close because they are all under-performing...
You can get almost any movie you want at redbox for a $1.00. They are everywhere (at least here in Iowa).
With over 50% of new releases at Red Box you must wait for 30 days after they are released. Red Box has not been $1.00 for quite some time now. They also do not carry many releases that Blockbuster does because of space limitation. I doubt that Dish will begin Red Box Movie Pass to replace Blockbuster Movie Pass anytime soon so you will end up paying $10mo for the Platinum Package by itself.
There are a lot of fly-over states with substantial numbers of towns and villages without high-speed internet access (despite the administrations best efforts). So I wouldn't write off mail delivered DVDs just yet. In twenty years maybe when fiber is laid to every village and farm house in the country I'll agree with you.
Since the vast majority of current popular movies ARE available and the rest soon WILL BE, what impact you do suppose that is to the DVD renting public? 10% can wait, 5% decide to rent something else, 1 % get pissed and subscribe to Netflix? 1.0% get Amazon Prime .5% decide to go home and drink .05% get Blockbuster from Dish?
Again, what impact to revenues? Not to mention Netflix does have all of them and even Amazon does too, to some extent.
These issues aren't material to what succeeds and what fails when Redbox successfully serves the heart of the market.
It's OK to be a Dish booster (as I often am) but you have to be realistic. Redbox is becoming, if it isn't already, in a lot of markets, the biggest provider in the field. And now that RedBox bought the Blockbuster kiosk business they will be even more important.
Yea, Blockbuster screwed over alot of mom and pop video stores when they came to town. We had probably 10 little video stores scattered accross town and the put one in the middle and each side of town and ran them all out of business.
Yes except the U.S Postal service is laying off thousands and dropping Saturday mail, so I wouldnt
count on them being around either.
The only Red Box near me has a very poor selection of Blu Ray titles. I will no longer rent or buy DVDs as I have HD only in my house. The BluRays that come with DVDs is ok for the kids to take on trips but thats it.
That will change as the percent of the market with BluRay players passes what RedBox has determined to be a tipping point for them. Then they'll start scaling back on non HD disks in favor of increasing BlyRays and figure they'll gain more than they loose in business.
RedBox and it's parent company CoinStar have proved to be pretty damn sharp at what they do, unlike a dbs satellite company that will remain nameless.
One other big advantage of Red Box is the ability to return your rental to any Red Box location. I still think that the Bolckbuster Movie Pass is a fantastic deal if you have a store near you.
