Blockbuster is yet another hit by the recession. The once movie rental mammoth is shutting down production and possibly closing at least 1,000 of it doors next year. Netflix and Redbox are hard to contend with in this economy. The plan of how they do business will change tremendously.
Blockbuster will be amping up its dispenser boxes similar to NetFlix and Redbox. The revenue numbers for NetFlix has went through the roof and have become a serious contender. According to Yahoo! Finance, revenues for Blockbuster last year were at $5.3 billion down from almost $5.9 in 2005. Netflix has seen their revenue go from $682 million in 2005 to an excess of $1.3 billion
Read here to see how soon you’ll become a Netflix / Redbox junkie.
September 18th, 2009 at 7:55 am
girl what u say….ive been using Redbox!! cant beat $1/movie. we will subscribe to netflix soon.