Executive Briefings

Chip Off Old NetFlix Block: Blockbuster to Close More Stores, Rev Up Online Business

Blockbuster will close more stores than expected and shift its business to accommodate 21st Century video watchers.

Blockbuster will take on NetFlix by growing its order-online-receive-in-the-mail model. It will replace real estate leases by placing vending kiosks in stores and other locations (like RedBox does). And it will offer videos on demand through cable providers and on the Internet. 

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Blockbuster will close more stores than expected and shift its business to accommodate 21st Century video watchers.

Blockbuster will take on NetFlix by growing its order-online-receive-in-the-mail model. It will replace real estate leases by placing vending kiosks in stores and other locations (like RedBox does). And it will offer videos on demand through cable providers and on the Internet. 

Read Full Article