Blogging since 2003 (apart from two years when I had nothing to say!)
Wednesday, January 16, 2013
And todays closure is...............
Blockbuster another sign of the times as people are now getting their film fix from NetFlix, Love Film (or whatever it is called), from Sky on Demand or simply from a bloke with a patch over one eye, a parrot on his shoulder and a limp.
The people who run Blockbuster must've know the figures were bad and I'd be very surprised if they hadn't seen this coming. Surely they knew what effect NetFlix and Love Film were having on their share of the market?
How come they didn't become an online business themselves?
Good point. Apparently (according to somebody who worked there) they made a decision a few years ago not to follow the games market which was making them money. HMV were a similar story, they could have sold out three years ago when the share price was about ten times what is was when they went into administration but held on and became more in debt to Apple and the like.
3 comments:
The people who run Blockbuster must've know the figures were bad and I'd be very surprised if they hadn't seen this coming. Surely they knew what effect NetFlix and Love Film were having on their share of the market?
How come they didn't become an online business themselves?
Good point. Apparently (according to somebody who worked there) they made a decision a few years ago not to follow the games market which was making them money. HMV were a similar story, they could have sold out three years ago when the share price was about ten times what is was when they went into administration but held on and became more in debt to Apple and the like.
I'm surprised they lasted so long...that said only two years ago who'd thunk it?
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