Looks like Blockbuster might be going on its own way to bankruptcy:

http://www.dallasnews.com/sharedcont....20c5600e.html

Originally Posted by From Dallas News article Blockbuster reportedly hires firm to explore bankruptcy 1:43 PM CT 01:50 PM CST on Tuesday, March 3, 2009 By MARIA HALKIAS / The Dallas Morning News mhalkias@dallasnews.com Blockbuster Inc.’s shares plunged around 1 p.m. after reports that it had hired legal counsel to explore a possible bankruptcy filing. Kirkland & Ellis LLP has been hired to evaluate restructuring options for the world’s largest movie-rental chain, according to Bloomberg News. The wire service quoted a person familiar with the situation.

I remember my girl telling me about this.

Netflix literally ed Blockbuster's world when they came out and Blockbuster has been slow to start restructuring its policies and business practices.

I haven't rented a movie or game in so long though...If I wanted to start, I'd go Netflix.

Bye bye Blockbuster.

AHHHHHHHHHHHHHH MY 96 shares TANKED

Even though their game rentals are ridiculously overpriced, when I want to rent a game they are the only people to go about renting it from. I don't rent enough games to warrant gamefly, so I'd really hate to see Blockbuster go. I need them for my sporadic game rental needs.

When it comes to DVDs, I'm set. Ever since the redbox rolled into town, I've had no need for Blockbuster.

7 bucks is pretty expensive for a game when you can get Gamefly for like $9 a month.

We got a local store that has opened 2 more franchises in the past 4 years while a local Blockbuster shut down and the others are empty.

Better prices=more business, dumbasses.

on CNBC blockbuster does not plan to go bankrupt..


Man the people who got this stock at 22 cents today is going to make a pretty penny tomorrow or next week. Probally go back up to 1 + though i will not be buying anymore.

Anyone that is surprised to see BB heading this way, or considering this type of action, needs to have their head examined. Blockbuster has been a financial disaster for close to a decade now. I'm honestly surprised they have managed to hang around for this long.

Originally Posted by slidecage on CNBC blockbuster does not plan to go bankrupt.. Man the people who got this stock at 22 cents today is going to make a pretty penny tomorrow or next week. Probally go back up to 1 + though i will not be buying anymore.

They don't "plan" to go this route but the firm they hired was hired to review ALL of the companies options, which would include a potential bankputcy plan.

"duh?"

I don't see how this is news. It's been known for a long time that they are in trouble. I give them 1-2 years at most.

20 cents a share buy buy buy

Blockbuster pisses me off and here is why.

Like someone mentioned before, Netflix really ed them around. They have been changing a ton of their in store policies (and online) for the last years and nothing seems to work..and they never did the one logical thing: Offer Moves and GAMES online.

Instead of using Netflix & Gamefly, Blockbuster has the advantage here. They could have had Movie plans, Game plans, and Games & Moves plans. All with instore coupons and benefits, of course.
I always thought "It makes too much sense for them NOT to do this",..but..maybe I'm wrong.

Not saying offering games on their website would have saved them...but..I they could have def taken some customers away from Netflix and Gamefly

So...should I use my giftcards now or wait till it's official?

I stopped going there when they got rid of all their PS1 titles as well as genesis and NES. (I rented that long ago).

Originally Posted by slidecage on CNBC blockbuster does not plan to go bankrupt.. Man the people who got this stock at 22 cents today is going to make a pretty penny tomorrow or next week. Probally go back up to 1 + though i will not be buying anymore.

Yeah, because everything you hear and see on CNBC is infallible.

From Kramer claiming Bear Stearns and Lehman were going to be fine to their classic dotcom, real estate, and Dow pump n dumps, they're a bunch of rah-rah, clueless idiots. They need to stick with just reporting the numbers, and lose the pump n dump and "advice".

As for Blockbuster, companies that do not adapt and change with the times, that do not continue to evolve, go the way of the dodo. This is nothing new. They had every opportunity to utterly CRUSH netflix and gamefly when they first appeared, simply by benefit of their recources and scale of market (at the time). But like many, they underestimated their competition and the power, potential, and benefit of the web.

Blockbuster = Sarah Silverman...all bark, no bite
Netflix and Gamefly = Ryan Phillipe quietly laying the curbstomp and donkeypunch on...

http://www.youtube.com/watch?v=PAl5xGi7urQ

Originally Posted by karkyco Yeah, because everything you hear and see on CNBC is infallible. From Kramer claiming Bear Stearns and Lehman were going to be fine to their classic dotcom, real estate, and Dow pump n dumps, they're a bunch of rah-rah, clueless idiots. They need to stick with just reporting the numbers, and lose the pump n dump and "advice". As for Blockbuster, companies that do not adapt and change with the times, that do not continue to evolve, go the way of the dodo. This is nothing new. They had every opportunity to utterly CRUSH netflix and gamefly when they first appeared, simply by benefit of their recources and scale of market (at the time). But like many, they underestimated their competition and the power, potential, and benefit of the web. Blockbuster = Sarah Silverman...all bark, no bite Netflix and Gamefly = Ryan Phillipe quietly laying the curbstomp and donkeypunch on...

got to love CNBC when there were talking about the 12 days of xmas last year and they were showing those asian chics dancing around with santa ..... One of the people said something about

I wonder how much one of those cost (meaning a seat to the show but it sounded like he was trying to buy a hooker LOL)

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I'm not surprised. With Redbox and Netflix streaming, Blockbuster really has no place. I never see anyone go to their stores. With Netflix gaining as much steam as it is, I don't think DVDs or Blu-Ray will really sell too well. Streaming is the way to go, and it's cheaper all-around.

Well, with BlockBuster nerfing flipping and now gearing up to close their doors, it looks like the end of an era...

Originally Posted by hopeunknown I'm not surprised. With Redbox and Netflix streaming, Blockbuster really has no place.

I haven't tried Redbox or Netflix, but just looking at the prices Blockbuster fails.

I haven't spent actual money in a Blockbuster store in probably two years. No chance in hell I'd bother renting there if I couldn't do it on the extreme cheap from flipping.

Originally Posted by hopeunknown I'm not surprised. With Redbox and Netflix streaming, Blockbuster really has no place. I never see anyone go to their stores. With Netflix gaining as much steam as it is, I don't think DVDs or Blu-Ray will really sell too well. Streaming is the way to go, and it's cheaper all-around.

You are delusional if you think online streaming is going to even make a difference in the next 2-5 years. Movie studios still treat it like TV, the content expires and goes away. I watched half of Steamboy a few weeks ago on netflix streaming, now i went back to watch the 2nd half and its gone. Its license expired and it wont be back anytime soon. This policy is going NOWHERE as well, movie studios want it this way. Also, most people want to rent new releases, which streaming has none of. Its a failure in so many ways. Its good for catching up on older titles and tv shows, but it will never replace a true disc rental system.