Movies that aren’t worth watching aren’t worth renting.
Blockbuster Inc., the world’s largest movie-rental chain, hired the law firm Kirkland & Ellis LLP to explore a possible bankruptcy filing, a person familiar with the situation said. Blockbuster fell as much as 86 percent yesterday before trading was halted.
Digital no doubt has something to do with it, but I think not so much as geeks would like to think. Despite geeky fantasies, most persons aren’t going to do something on a computer rather than on a radio or television simply because they can.
Video rental places have been disappearing over the past five years. There used to be three within a seven-minute drive from here. Now there’s one.
Back when I used to rent occasionally from Blockbuster, I found their customer service policies to be a little weird This may have changed, but, back then, if you didn’t use your account for a period of time (three months, I think), they cancelled it and made you fill out the form again.
Not a great way to build customer loyalty.
And Blockbuster’s doesn’t have a back room. That’s were rental places make their margins–in the back room.