Blockbuster Video Store Closings
Thursday, December 3rd, 2009
It’s one thing to hear about store closings but it’s another to have two of your neighborhood Blockbuster stores close. That hits close to home. I thought that maybe Blu-Ray would sustain them because 1080p programming is still pretty big for internet pipes and devices, therefore consumers would still frequent Blockbuster. Not so. According to their recent earnings announcement, Blockbuster will be closing 115 stores. There are so many alternatives now, On Demand Movies, AppleTV (my favorite), Dish Network, Netflix and so on. I can see how it would be hard for them to keep stores open, especially in Silicon Valley where there are so many geeks, like myself, that love to find new ways to receive programming. On one hand, I like to see change and consumers adopting new and more efficient technologies. On the other, I don’t like to see companies shutting stores.