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Blockbuster files for bankruptcy

reuters.com

51–60 of 74 posts

Re: Blockbuster files for bankruptcy

#51
post #9
post #2

Not to dance on someone's grave but to me this is fantastic news. When Blockbuster was the dominate player, they were quite the nasty bully. Ridiculously high late fees that were very hard to avoid. Half the time you'd return the DVD on time, but the employees wouldn't inventory it until it was too late and still hit you with a fee. A fee which they were extremely reluctant to remove. Their customer service was downr…

I was insanely happy when all of the "Movie Gallerys" went out of business in my area. Fist pumping and the whole nine yards. Few businesses treat their customers as terribly as video rental stores. Multiple times, I had to physically lead their employees to the video I had returned, weeks earlier, to prove that the $89 (or whatever ridiculously high) late fee was bull$#!*. Dying in a fire is too good for these store…

video stores suck, but to say few stores treat their customers as terribly is to not be giving as much credit to gym memberships as they are owed.

Re: Blockbuster files for bankruptcy

#52
post #23
post #17

Earlier quoted context omitted.

There's no Hulu in Canada. Until this week (or was it last week?) there was no Netflix either. Now that we have netflix, I doubt Blockbuster Canada has long to live. You might not believe it, but Canada is way behind the USA when it comes to the Internet, media, movies, mobile communication, and all of that. As we slowly catch up, traditional stores like Blockbuster will fail.

But is not Canada who is behind. Media producers are way behind the Internet in general.

It's definitely Canada that's behind.

Sure, the media producers are behind but so is everything else. It's recently been decided by the CRTC a few months ago that Bell will be allowed to apply metered billing for their wholesale resellers. Those were the last companies that would offer unlimited internet packages. Once this finally gets applied there will be no way, anywhere in Canada, to get a consumer-level Internet connection that does not have a bandwidth cap. Insane.

And there are other examples too. Why do all American internet stores need to create a whole separate store (amazon.ca, newegg.ca) before they sell to Canada? Because of Canadian laws and regulations. There's a LOT of reform needed in the Canadian technological sector if we're ever going to catch up to the rest of the world. Right now we're behind and only getting further.

Re: Blockbuster files for bankruptcy

#53
post #14

I wouldn't go long on Barnes & Noble or Borders either.

It would be a sad day if you couldn't go to a local bookstore and randomly browse/ buy books. Not that I'm against ebooks or online purchasing of physical books as well as bookshops.

Definitely agreed. I think physical books are a losing proposition for a variety of reasons, but for me, there's nowhere better than a good bookstore -- be it a large chain or a knowledgeably-staffed local -- to unwind for an hour or three. I'll be sad to see them go.

On the bright side, being the believer in markets that I am, I'm reasonably confident that something else will pop up to occupy that niche. I have no idea what it could be, but people rarely do.

Re: Blockbuster files for bankruptcy

#54
post #9
post #2

Not to dance on someone's grave but to me this is fantastic news. When Blockbuster was the dominate player, they were quite the nasty bully. Ridiculously high late fees that were very hard to avoid. Half the time you'd return the DVD on time, but the employees wouldn't inventory it until it was too late and still hit you with a fee. A fee which they were extremely reluctant to remove. Their customer service was downr…

I was insanely happy when all of the "Movie Gallerys" went out of business in my area. Fist pumping and the whole nine yards. Few businesses treat their customers as terribly as video rental stores. Multiple times, I had to physically lead their employees to the video I had returned, weeks earlier, to prove that the $89 (or whatever ridiculously high) late fee was bull$#!*. Dying in a fire is too good for these store…

I don't think video stores deserve to die because of their treatment of customers (though I'm too young to have had much experience renting from a brick&mortar store). I think they deserve to die because they refused to innovate as competitors built the infrastructure to overtake them. They scoffed as Netflix and Redbox built brands that would come to dominate the industry, yet their too-little-too-late offerings were not competitive with the newcomers despite having considerably more resources at one point.

Re: Blockbuster files for bankruptcy

#56
post #41
post #30

Earlier quoted context omitted.

I don't get it when people find it weird that I will reread some books multiple times. I've read some books once every year or so and even my wife thinks I'm weird. She's a serial book reader (150 books as of now for the year, almost one a day) and will sell them as soon as she reads them, I don't work that way even after she tries to push me into selling some books I just can't.

What kind of books does she read, that she can read 150 in a 9 months And when does she read these books? Good Lord! Unless she reads like Kim Peak... a page in like 2 seconds, then I suppose 150 books is well within reason.

She had the summer off before starting a master(in library science no less ;p). She also participated in a few 24 hour reading marathons. She has a blog about stuff she reads: http://talesandtreats.blogspot.com/

Re: Blockbuster files for bankruptcy

#57
I just got an email from NCR telling me not to worry about Blockbuster Express, that it is wholly owned by NCR, and will continue serving videos for a while. So if NCR owned the express kiosks, wtf did blockbuster own that was still valuable?

Re: Blockbuster files for bankruptcy

#58
post #47
post #2

Not to dance on someone's grave but to me this is fantastic news. When Blockbuster was the dominate player, they were quite the nasty bully. Ridiculously high late fees that were very hard to avoid. Half the time you'd return the DVD on time, but the employees wouldn't inventory it until it was too late and still hit you with a fee. A fee which they were extremely reluctant to remove. Their customer service was downr…

For a little perspective: Blockbuster's biggest competitor in the western US, Hollywood Video, had much worse late fees. They wanted to charge my mom something like $100 for a video she kept a few days over. (It's been more than a decade since then, so I don't remember the precise details, but I do remember it was several times the purchase price of the movie.)

It's of note that Hollywood Video was bought by Movie Gallery, and Movie Gallery went out of business earlier this year.

Re: Blockbuster files for bankruptcy

#59

I just got an email from NCR telling me not to worry about Blockbuster Express, that it is wholly owned by NCR, and will continue serving videos for a while. So if NCR owned the express kiosks, wtf did blockbuster own that was still valuable?

Blockbuster is sort of like 7-11. IIRC, most of the stores are franchisees. NCR was probably just using Blockbuster's name and bargaining position with the studios on the price of movies.

Re: Blockbuster files for bankruptcy

#60
post #2

Not to dance on someone's grave but to me this is fantastic news. When Blockbuster was the dominate player, they were quite the nasty bully. Ridiculously high late fees that were very hard to avoid. Half the time you'd return the DVD on time, but the employees wouldn't inventory it until it was too late and still hit you with a fee. A fee which they were extremely reluctant to remove. Their customer service was downr…

Classic exchange re late fees

http://www.27bslash6.com/blockbuster.html

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