$0.62
0.01 (+1.79%)
Blockbuster, Inc. (BBI)
CAPS Rating:
The Company is a global provider of in-home rental and retail movie and game entertainment, with over 8,000 stores in the United States, its territories and 22 other countries.
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If they're incapable of competing with Netflix, I see no future for Blockbuster. Their brick and mortar dvd rental business was profitable when there weren't cheap, easy alternatives. Online streaming is the wave of the future for instant access, otherwise Netflix gets dvd's to you at a very fast rate via U.S. mail. Basing your whole business model on convincing people to spend gas driving to your store in order to pay $4 + tax to rent a single DVD (and then spend more gas to drop it off) is a recipe for bankruptcy.