Blockbuster to file Chapter 11 within days

[Mikey]

Next step for Redbox will be a booth where you can go in and watch the movie right there

[SeattleEd]

Next step for Redbox will be a booth where you can go in and watch the movie right there

I thought those were only found in adult book stores?

[jimsmegos]

Just to note... I talked with our local Blockbuster here and they say they will not be effected because they area franchise. They still suck but a franchise nonetheless.

[Adam West]

They did file this evening

http://www.marketwatch.com/story/blo...0?siteid=yhoof

I have never understood why people are still buying at $.04. They aren't going to receive anything. The only logical thing I can think of is someone wanting a stock loss for tax purposes. Might as well short $10,000 worth of the stock and make some easy money.

[Adam West]

Just to note... I talked with our local Blockbuster here and they say they will not be effected because they area franchise. They still suck but a franchise nonetheless.

Of course they are going to be affected. They don't understand bankruptcy laws. The senior bondholders will own the company. They will most likely sell it to a capital venture firm who will in turn may very well pull the franchise away....and the franchise can do nothing because they have no protection under bankruptcy laws. My guess is the bondholders will move to the Redbox model in the short-term and try to figure out how to get on the VOD bandwagon or simply make back as much money as they can and let the ship sink when VOD is in full swing.

Personally, I still go out and rent movies from a local eccentric book and video store. They carry movies you just can't find anywhere unless you want to buy them and their book business is basically reselling used books but they like obscure books....not a bunch of John Grisham type books that you can find for $1 at the local Goodwill.

[SeattleEd]

They are on the VOD bandwagon now working with Comcast in the US.
They have their kiosk or BB Express as some locations. A bit late in the market I would say. Only strength would be to get titles quicker than other outlets.
They plan on keeping stores open and staying in business until they re-organize their business model.
Netflix does not have an extensive catalog (I wish they did) so if BB will convert their catalog for VOD deployment it might give them an edge since they still have deals with studios.

Still awaiting for someone to provide more independent titles for digital deployment. Guess it all depends on the supplier of content.