Variety opines that after totally bungling their new “No late fee” campaign, Blockbuster could go belly up. The company lost $491 million over three months and has thus far been unable to capitalize on “shrinking theatrical distribution windows.” They also have been unable to keep their DVD sale prices competitive. Awww…poor Blockbuster. I guess screwing people over, selectively stocking your shelves with “wholesome” pap and driving off small businesses didn’t work after all. We’ll miss you.
Read the full story at Variety>>>
Posted on November 11, 2005 in News by Film Threat Staff
If you liked this article then you may also like the following Film Threat articles:
- EXCESS HOLLYWOOD: THE BUSTING OF BLOCKBUSTER
- GIVE KATIEBIRD A PUSH
- R.I.P. JACK PALANCE
- STOCKING STUFFERS
- DIGITAL CELLULOID – ISSUE 68: BLOCKBUSTER HIT!
Popular Stories from Around the Web