This week, the Wall Street Journal reported that Blockbuster Video – the same Blockbuster that in the year 2000 told Netflix to go away – still hasn’t found a buyer or someone to finance their business into the future.
Really? I can’t imagine why! Their business model seems so, well, perfect.
Why wouldn’t someone buy Blockbuster? They must have millions of movies on VHS from the 1980’s and 1990’s and hundreds of thousands of titles on DVD from the 2000’s sitting there for anyone and everyone to drive on over there, simply pay $3.50 a night and drive back one and watch! Seems awesome to me. I can’t get enough of Terms of Endearment, Ghostbusters and Miracle on 34th Street. I could watch them over and over again.
And, best of all for the investor, if I forget to return them on time, I get dinged for a late fee until I drive on over there and return it – perfect model for customer service quality.
But, they can’t find a buyer.
It must be this stupid download trend. Maybe people don’t like the idea of driving to a Blockbuster store, twice. Or, maybe, like the US Postal Service, they need a Federal Government investment to make sure everyone has access to movies all the time. Isn’t it unfair that only the rich people have access to streaming media?
Oh, I forgot, Hulu is free. So is Netflix WatchNow – hey, haven’t I seen that name Netflix before?