Friday, August 27, 2010
Breaking: Blockbuster tells studios bankruptcy is coming
The Los Angeles Times is reporting that Blockbuster has informed studios that it's planning to enter a "pre-planned bankruptcy" next month (or as I look it, going down the staircase to its death slowly). One of the goals is to get out of 500-800 costly leases on under-performing retail locations. It has around 4,000 in the US currently, according to Wikipedia which also notes that it's been working for some time to unwind or sell off many of its international assets. Reading the Wikipedia article, it's been without a good focus for some time, zigging and zagging without a plan while Redbox and Netflix have eaten its lunch. But I'm happy by the news, I've called video stores an unnecessary waste of space (I thought... can't find now) and I'm still bitter about being fired from Blockbuster early in my post-college life.
introspection technology entertainment-books and magazines sift work diet/exercise video funny cars worth repeating Christianity/church ideas and creativity bad company transit and development advertising / branding / marketing email music unclutter random entertainment-television food Google by-week 750 Starbucks 120 family #blogaday cool coffee parenting L.A. architecture entertainment-movies environment leadership Apple Seattle Christmas autism atad entertainment photos art and design weather politics by-year geography rain social identity travel Amazon home improvement Disney by-month money snow charity dream Lego how to vacation awful conference crime simplify children AT&T LOST news sports education fashion clueless improvement links no-bars-blog 2013 NASA NBC GTD fail good company nostalgia trust30 war 2014 empowerment holiday journalism legal picky power powerless quoted Cuba Lori cord-cutting focus great day inspirational radio Federal Way McDonalds Rachel Tacoma medical videoblog Boeing Microsoft Wal*mart buffy conspiracy culture laundry sellout web 2015 PLU art customer service fool review robots and drones