According the The Movie Banter Blog, Blockbuster has just been bailed out by Warner Bros. Which is good, cuz we ain't ready to say 'goodbye' yet:
"Bailouts are taking over the country as a way to help out the big boys stay in business and rework themselves with the competition. We saw the US government bail out the banks, now we are seeing the same thing happen with the movie industry. I have spoken a lot recently about Blockbuster’s bankruptcy problems and how the one time mega movie rental company is struggling to make ends meat. But Hollywood flew in to the rescue to help the big dawg stay afloat.
Warner Brothers recently pressured companies like Netflix and Red Box into delaying sending the companies their latest DVD releases for 4 weeks to hopefully persuade customers to buy DVD’s instead of rent them. Now Warner Brothers went ahead and made a deal with Blockbuster allowing the company to rent out new DVD’s and Blu Ray movies to customers four weeks before Netflix and Red Box. They will just be getting the new DVD releases the day the movie comes out, which could persuade customers to flock to Blockbuster to rent a new release."
Full piece HERE.
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