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-   -   So long Blockbuster (http://www.raptorsforum.com/f/f9/so-long-blockbuster-20353.html)

jeffb 05-27-2011 04:00 PM

So long Blockbuster
 
Quote:

Clearance sales were underway Friday at many of the 146 Canadian Blockbuster Video stores that are closing their doors.

The movie and video game rental chain announced May 24 that the closures would take place next month.

In one store in Toronto, a manager said more than a dozen customers were hunting for bargains shortly after the store opened, but none of them had lined up to get there early.

The shutdown will mean about 1,400 employees could lose their jobs.

Ontario will be most affected, but every province will lose at least one outlet.

Blockbuster Canada is being sold off to pay $70 million US in debt owed by its former U.S. parent, after the Canadian division served as a guarantor for the American business. The U.S. company went into bankruptcy protection and was later sold at auction to another owner.

Closing Blockbuster stores clear stock - Business - CBC News

fancylad 05-27-2011 04:23 PM

I haven't used a blockbuster in something like 5+ years.

video rental is pretty much a dying business. With netflix and being able to 'buy' new movies on your own TV through cable providers, services offered by the likes Blockbuster are pretty much useless. For a rental to be successful it really has to have some obscure shit and has to have a good solid market of people looking for obscure shit. Kind of like Queen video. I use them.

jeffb 05-27-2011 04:31 PM

Quote:

Originally Posted by fancylad (Post 543262)
I haven't used a blockbuster in something like 5+ years.

video rental is pretty much a dying business. With netflix and being able to 'buy' new movies on your own TV through cable providers, services offered by the likes Blockbuster are pretty much useless. For a rental to be successful it really has to have some obscure shit and has to have a good solid market of people looking for obscure shit. Kind of like Queen video. I use them.

Yeah, i'll be getting Netflix. I've still been getting movies from blockbuster and even renting games for my ps3 at times.

th3answ3r 05-27-2011 04:56 PM

Quote:

Originally Posted by jeffb (Post 543265)
Yeah, i'll be getting Netflix. I've still been getting movies from blockbuster and even renting games for my ps3 at times.

sum1 told me its mostly old movies on nflix.

Superjudge 05-27-2011 04:58 PM

Can you buy PS3's there?

b55bgc 05-27-2011 05:23 PM

How about Downoading movies. That is dfef the main reason why they are closing.
Cant believe no one has mentioned it.
I go to the theatres at least twice a month, but as fro renting, I ussually download my movies.

LX 05-27-2011 07:11 PM

I was just thinking about the tape insurance the other day. Shit I hated that, and I never took the offer - the idea alone just really pissed me off.

Dark Knight 05-27-2011 07:49 PM

I wouldn't suggest getting Netflix unless you are into old, retro, and/or cult movies.

Fixxxer 05-27-2011 07:51 PM

Yeah lets not kid ourselves. Netflix and 'buying movies from your tv' isn't what drove Blockbuster down.

thought 05-27-2011 11:45 PM

netflix canada sucks

TORaptor4Ever 05-28-2011 12:33 AM

I get all my movies online now. Haven't rented a movie in forever.

If it wasn't for sports I'd probably cancel my cable altogether and just watch EVERYTHING online.

pzabby 05-28-2011 01:41 AM

only problem is that cable providers don't provide blue ray quality movies. and some people have a projection system in which you cant access cable with the screen. :sigh:

Windex 05-28-2011 04:00 AM

I thought they went bust years ago

DonMughal 05-28-2011 05:56 AM

Netflix has some pretty bad movie choices. I thought when I tried the free trial, I would find almost every popular movie out on DVD. They make it sound like it. I tried the free trial, watched like 3 movies and Mad Men. The rest was just...

Still worth 8 bucks though..

Claudius 05-28-2011 01:33 PM

Quote:

Originally Posted by Windex (Post 543388)
I thought they went bust years ago

Blockbuster US did and then was bought out by Dish Network. To cover their US debts, they found that their Canadian branch had assets in the range of 15 million. So that's why they're shutting it down.


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