Wednesday, September 09, 2009
Mass Suicide - The DVD Biz
About an hour ago, in my local convenience store, I discovered that Blockbuster had entered the $1/day vending machine DVD rental business.
So is that the death knell for Redbox?
Or will this competitive, self-cannibalizing maneuver be the final nail in Blockbuster's half-interred coffin?
Admittedly I know nothing about the DVD rental business. Pretty much for the past 15 years Hollywood movies have stunk and I stopped watching. I just can't understand who or why anyone would spend their valuable time or money on LCD garbage.
Maybe Blockbuster is aiming to put Redbox out of business? Maybe they are prepared to lose a little dough if it takes out this upstart competitor?
Or, maybe, against my intuition, these vending machines have proven to be a wildly profitable venture?
I have no idea, nor interest enough to research the matter further.
AT SOME POINT, electronic media delivery will arrive, and when that happens I'll be surprised if Netflix, Redbox, and Blockbuster are left standing.