Blockbuster files for bankruptcy

[RawAlex]

Originally Posted by EmporerEJ

I just love guys like you.
I have no illusions the DVD KIOSK market will be around til I die.
It doesn't have to be, to make me happy. I'd be happy for 5 solid years. The numbers are THAT good.
The upfront is low, the ongoing is ridiculously low, compared to when I was in the Bricks and mortar video, and it's just another revenue stream, that uses about an hour's worth of time a week for me. (From my chair...wherever that chair may be.)

It's also one of those works by itself while I'm sleeping, or elsewhere kind of things.

But you know what.... you're right again. Bad idea.........for you.
You go do something mo' betta.

I know one sure way of not getting anything at all......spend your time convincing yourself why a thing doesn't work, or won't work in the foggy future, or some other "no facts," baseless decision.
That way, you can certainly ALWAYS be right.

Love the armchair entrepreneur.

This is why you always end up in arguments and disagreements, because you jump right over and suggest I am saying it's a bad business and don't do it. I AM NOT.

Wake up. All I am saying is that Kiosk style rental things are in the same exact place that blockbuster was back in the day, where margins were great and it looked like a business with a long potential life span. The sad reality is that it was not a long term business, certainly not as long as they were planning for.

Your customer base is older, and currently less likely to go online. But as more and more TVs and DVD players have netflix installed, and as more people become comfortable with pirating movies and such (and more do all the time), the more your business gets eroded, exactly in the same manner it did for Blockbuster.

Will you get 5 years? 10? 2? I don't know. All I am certain of is that if I had asked people if the DVD was going to be a near dinosaur today, most of them would not have believed it. Advancements are moving even faster, rendering the trip to the video store (even a kiosk) as a quaint thing that your parents use to do, before they learned better.

remember, talk with us, not down to us. It works better!