Blockbuster-bust ?

ad9898_3

Well as chief doom monger of the day, more news, I guess with the advent of super fast broadband (100mb) over the next few years and the ability to download movies on demand, I suppose it was inevitable at some point.

Blockbuster Said to Hire Firm for Bankruptcy Advice (Update3)
By Tiffany Kary
March 3 (Bloomberg) -- Blockbuster Inc., the world’s largest movie-rental chain, hired legal counsel to explore a possible bankruptcy filing, a person familiar with the situation said. Blockbuster fell as much as 86 percent before trading was halted.
Kirkland & Ellis LLP was asked to evaluate restructuring options for the company, which may include a “pre-packaged” or “pre-arranged bankruptcy,” in which much of the restructuring work is completed out of court, the person said. A pre-packaged filing is more advanced than a pre-arranged bankruptcy as it includes agreements from creditors about the outcome of the company’s reorganization.

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=BBI%3AUS&sid=a6uMC.qiRqFo

mbga9pgf

ad9898 wrote: »

Well as chief doom monger of the day, more news, I guess with the advent of super fast broadband (100mb) over the next few years and the ability to download movies on demand, I suppose it was inevitable at some point.




http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=BBI%3AUS&sid=a6uMC.qiRqFo

They were dead in the water as soon as online postal DVD rental turned up.

They were never going to survive off overpriced games consoles.

sabretoothtigger

blockbuster are online renting, etc

Wookster

sabretoothtigger wrote: »

blockbuster are online renting, etc

They might be but they are so wholly beaten by lovefilm.

I've been thinking recently that the're probably about to go bust. They are really quite expensive after all.

brightonman123

for the price of renting a scratched, manky video/dvd, you could probably BUY a new one, elsewhere!

dervish

Blockbusterss?????

"Give me a B, please Bob?"

"What B is a word meaing 'to go bust'?

BANKRUPTCY!!!


...now do your gold run...

brightonman123

go on, admit it- you are all humming the theme tune arent you!

mitchaa

I use blockbuster quite often, and they have some pretty good deals on at the moment

4 BR discs or DVDs for a tenner, 5 nights.

It would cost around £15-20 to buy 1 BR disc, it costs more to watch movies on sky box office at £4 a time, the films are not as new either.

I thought their mark up vs staff costs would have been pretty good, dvd will cost them at cost price nothing but yet they will make hundreds if not thousands renting that dvd out.

Really2

mitchaa wrote: »

.

I thought their mark up vs staff costs would have been pretty good, dvd will cost them at cost price nothing but yet they will make hundreds if not thousands renting that dvd out.

I used to run a video company years ago and "rental" versions of films cost 10X that of a normal retail film (£100+).

I am not sure if that is still the case as this was 14 years ago.

tyllwyd

Well, they say they are not ...

http://news.sky.com/skynews/Home/Business/Blockbuster-Film-Rental-Chain-Denies-Reports-It-Is-Considering-Bankruptcy/Article/200903115233868

mitchaa

Really2 wrote: »

I used to run a video company years ago and "rental" versions of films cost 10X that of a normal retail film (£100+).

I am not sure if that is still the case as this was 14 years ago.

Over the last 2 months or so i must have rented around 20 BR new release movies since getting a BR player at xmas.
I would say around 75% them had warnings comes up on start up stating for private use only, and to please inform the authorities if viewing this movie as a rental:eek:

The strange thing is though, you cannot buy these films as they have not been released for public sale so i have no idea what they are upto

Moneysaving then i presume with looking at your above post:D