av news
This Month's Featured Equipment Reviews
SOtM iSO-CAT6 LAN Filter And tX-USBhub Review
Simaudio 760A Power Amplifier Review
Bryston BIT-15 Isolation Transformer & Surge Protector Review
Carot One Titta Earbuds Review
In Appreciation of the Harbeth Compact 7 ES-3
Latest AV News
AV News Forum Topics:
Blockbuster's Bankruptcy is Imminent  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Friday, 13 August 2010

It wasn't long ago, just back in 1985, that Blockbuster first came on to the scene.  Within ten years the company became a seemingly unstoppable force in the home rental arena.  Now it looks like Blockbuster's going to be filing for bankruptcy.

In July, Blockbuster was officially delisted from the New York Stock Exchange, which is never a good sign for a business.  Recently they extended a debt deadline and then warned that the company may have to liquidate.

Analyst Michael Pachter of Wedbush Morgan says that Blockbuster just can't compete with its current operating model.  Getting movies sooner, it seems, is not enough.  "Most consumers are motivated by price, are generally unaware of a DVD’s street date, and are likely to discover availability when visiting their local Redbox kiosk, rendering the 28-day head start inconsequential over the long run," he says.

Edward Wood, also of Wedbush, agrees, stating that "If they would have been able to avoid bankruptcy, it’s likely they would have been able to come to a recapitalization already."

Like this article? Bookmark and share with any of the sites below.
Digg!Reddit!Del.icio.us!Google!StumbleUpon!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites!

  home theater news  |  equipment reviews 
  blu-ray reviews  |  dvd  |  theatrical reviews  
  music download reviews  |  music disc reviews
  contact  |  about-us  |  careers   |  brands 
  Subscribe to Us   |   RSS   |  AVRev Forums
  front page  |  virtual tours  |  dealer locator
  how to features  |   lifestyle & design articles
  Want Your Home Theater Featured on MHT?
   CE Partners: HDD  |  HDF  |  VGT  |  SD  |  DVD
  Advertise with Us | Specs | Disclaimer | Sponsors
  privacy policy | cookie policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy