This article from CNN is about how Blockbuster is trying to survive in the movie rental business. A couple of key points: they are $1 billion dollars in debt and they are now offering on demand videos via smart phones (beating Netflix to the punch). Netflix has been ahead of the game when it comes to streaming videos and movies by mail, while Blockbuster is desperately trying to catch up. Is it too late for them? Is Netflix too synonymous with movies by mail that loyal customers will not give Blockbuster a try? If that's the case is it really too late for Blockbuster?
Personally, I was a huge fan of Blockbuster, until they jacked up their rentals to $5 a pop! At that point I started to make 'archives' of all my rented movies, because I was not going to pay $5 and not get anything else out of it! (But that's besides the point.) So, I switched to Netflix and love it! I pay under $10 a month, I get a few movies every month, plus I can stream them from our Xbox. I have no intention on giving Blockbuster a try. So, do you think it took Blockbuster too long to get up to speed with new media practices? If so, do you think they will 'bleed to death' in the near future? I DO!
