This is a case in point of how a series of stupid decisions can kill a bohemeth company like Blockbuster. http://www.slate.com/id/2133995/
Two things I think are interesting:
- Viacom was smart enough to spin them off.
- Blockbuster had the opportunity to buy Netflix for $50 million and passed it up.
Posted at 07:40 pm by Logipundit
|Posted by John Broussard @ 01/10/2006 09:28 PM PST|
|Blockbuster is really stuck. They got sued big time for late fees, then got sued for a policy that didn’t have late fees. I rented 2046 (highly recommended by Mr. Rothell, and myself) and the sticker said, “Overnight Rental”. I asked the clerk what was the policy, and she said, “Yeah, it’s an overnight rental, but you don’t start accumulating late fees until Jan 18 (10 days after rental!) which apply to the balance of the DVD…”
So the sticker says overnight rental, but I have 10 days to bring it back. Sounds good to me. Walking through the store I noticed all these posters proclaiming how cool it is to rent at blockbuster. “I don’t rent movies in my pajamas anymore.” I guess that it some kind of dig at Netflix, but it was ironic that I was wearing pajamas while in Blockbuster at the time.
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