Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Still too much, since I can get BRAND-NEW DVDs at Big Lots for $3, sometimes less. I NEVER buy used for the purpose of saving money- it has to be something out of print that I otherwise can't get at all.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

I saw this movie rental machine today that was neither Redbox nor some BB machine.

A blue machine called "Movie _____", and it was $1 a day, just like Redbox.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Movie Cube

http://www.moviecube.com/

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Noticed a thread in the Bargains forum on this same subject with better detail on which stores are closing--specific info was provided on certain Maryland store closings, for those interested.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

You mean 950 kiosks? Because I heard about a thousand, so is 9500 a typo?

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

My BB had some discs in envelopes that they wanted $3.99 for. Looked like they were from their online rental outfit. Thought that was a bit much for such.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Nope.

LOS ANGELES (Reuters) - Blockbuster Inc said on Wednesday it expects to have 10,000 rental kiosks by the end of next year following partner NCR Corp's purchase of No. 2 U.S. DVD kiosk operator of TNR Entertainment Corp.

In August, Blockbuster and NCR announced a DVD vending kiosk strategic alliance, and the two companies have just completed a pilot test program in Dallas and Oklahoma City.

NCR, a minority investor in TNR Holdings Corp since the summer of 2008, said on Tuesday it had acquired the remaining equity in the company for cash.

Houston-based TNR, the second-largest DVD vending business after Redbox, operates about 2,200 DVD kiosks under the MovieCube and The New Release brands in dozens of supermarket chains.

Industry leader Redbox, owned by Coinstar, has more than 12,000 locations, according to its website.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

September 18, 2009
Blockbuster Raises Money To Push On
Story on Reuters reporting Blockbuster has successfully raised additional capital and now has the cash needed to reposition. Sounds a bit like General Motors in many ways but then again they had to do this and they have done it. Maybe it will work.

Blockbuster CEO says financing should enable growth
Thu Sep 17, 2009 8:55pm EDT
By Sue Zeidler

Story on Reuters

LOS ANGELES (Reuters) - A round of capital-raising and refinancing has alleviated a cash-flow crunch at DVD rental chain Blockbuster Inc, enabling it to revive plans to reposition itself and get back on a path for growth, Chief Executive Jim Keyes said.

Loss-making Blockbuster is trying to ramp up its stores, kiosk, digital and by-mail offerings to compete against fast-growing rivals like kiosk provider Coinstar Inc's Redbox and Internet rental site Netflix.

"The new financing will allow the company to make investments designed to grow the business," said Keyes.

"This provides a great amount of flexibility. We now have more runway to complete the transformation of our business," he said.

"In 2009, we've been cash flow starved, but we've just eliminated a lot of that pressure," said Keyes, referring to the company's doubling of a private note offering to $675 million on Thursday.

Blockbuster in May also completed funding on a $250 million amended and extended credit facility, slashing its required debt payment due 2010 to $90 million from $400 million.

"This gives them the lifeline they need," said Stacey Widlitz, analyst with Pali Research, referring to the private note offering.

"Blockbuster was strapped for cash and had to skimp on inventory ... and that's a huge swing factor for the company. They won't be able to correct inventory overnight, but this should give them the flexibility to move toward having product back in stock in Q4 and Q1."

Since mid-August, Blockbuster's shares have risen about 50 percent to Thursday's close of $1.39 a share.

Keyes said a pushback by various large Hollywood studios against rival Redbox -- amid fears its $1 per night rentals at more than 17,000 automated kiosks is hurting business -- should help Blockbuster as it moves ahead with its own plans to install 10,000 stand-alone DVD rental kiosks by end of 2010.

"Redbox will have difficulty in purchasing titles," said Keyes, who said he supported Hollywood's position for a "vending rental window," which would keep hot new releases out of kiosks for a few weeks.

He said Blockbuster will now be able to continue ramping up its digital offerings to compete more effectively with rivals Netflix, cable and satellite TV operators and digital movie services like Apple Inc's iTunes.

The company this week said it may close up to 960 stores by the end of 2010. But Keyes stressed the company may not have to close them all.

"If we can't fix those, we'll go ahead and close them," said the former 7-11 CEO, noting he believed the brick-and-mortar store model will be around for years to come.

"The store, we believe, has the ability to remain relevant indefinitely if we continue to change it," he said.

Blockbuster has said it may also convert up to 300 of its stores to outlets and up to another 300 were subject to lease mitigation or termination efforts.

Altogether, up to 1,560 of the company's 3,750 U.S. stores are either subject to closures or other restructuring efforts, it has said.

Posted by staff at September 18, 2009 12:24 PM

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Great...money they will never pay back. Just awesome.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Oakland New Jersey Blockbuster closing soon.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

My brother always refers to them as "cockbuster".

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Hopefully all blockbusters close, dumb christian owned corporation

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

actually, I take that back sorry!

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Wow, you guys are making this topic "special".

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

New York City folk, come get some deals! Flatbush avenue (border of Prospect Heights and Park Slope) Blockbuster is closing...

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Blockbuster is expected to close anywhere from 25 to 600 additional stores over the next few years on top of the previously announced 950 store closings through 2010, according to Wedbush Morgan Securities analyst Michael Pachter.

http://www.homemediamagazine.com/blo...l-stores-17602

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

My local store in Oakland, NJ has been getting in truck loads of crap from other stores to sell in their closing sale. The sale sucks though. Catalog titles marked 12.99 with 40% off down to like 7.99. But most of the titles I can buy brand new for 6 bucks and not have a scratched up copy. It is just amazing to see people with armfuls of stuff thinking they are getting a great deal because a sign says 40% off.
Blockbuster is the worst run company. They were so late in supporting dvds, then blu-ray, or realizing the impact of Netflix and now Redbox. Then they try to jump on the wagon and take advantage of the trend and it always turns out to be too little too late. They are doing the same with streaming movies. Netflix works out deals with Tivo, X-Box and Playstation over the last year or so, and now Blockbuster realizes it might be a good idea.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

The Blockbuster in Nashua, NH is closing. The sale wasn't that good though when I was in there 2 weeks ago. They had some pre-viewed DVDs reduced to $3.99 (mostly junk), DVDs in jewel cases for $5-6, but most of the rest of the store was only marked down 30-40%.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Just found out the BBV(store 24157) I worked at in college is closing. I cant really say I am surprised. It was always a low volume store, and with 4 Blockbusters in about a 7 mile radius it was really too many.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

Davenport, IA store was closing. All the "deals" sucked except for some of their wall fixtures were 75 bucks. The lady working was very appreciative of how patient I was and knocked the price down to 50 bucks. I was also fortunate to get one that was in pretty good condition. Some of them weren't.

Also got The Host for $7.99 which again, wasn't a good deal...I just really wanted to watch it that night. The only films they had for less than 5 bucks were shit films I had never heard of.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

I buy a ton of used movies from my local Blockbuster. They're usually around $6 or $7. I probably have fifty or seventy of them in my collection. Only ever got one bad one. Took it back a month later, to a different store (I moved) and they switched it out.

My only problem is that I don't pay enough attention to DVD releases anymore and have accidently bought the 'non-definitive' version many, many times. Now I always check and make sure that it has a commentary or says 'director's cut' or special edition or something. I always see Wolverine and Zach and Miri Make a Porno sitting there (which I haven't seen either). But they're both obviously not the full-featured versions.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

I had a few Christmas DVDs left to buy and a $10 Blockbuster gift card so I went in there tonight. What a terrible selection! Also on the non-seasonal DVDs the selection was awful! I considered getting "I Love You, Man" for $10. Then I considered the 2 Disc SE of "A Christmas Story" with slipcover for $26.99, using the GC and only spending $17 cash on that, but I decided against that too. The store was DEAD. Poor selection, and hardly anyone in there. All the copies of "The Hangover" had been rented out, so it must mean they're doing some business. But even my friend turned to me and said "I have a feeling this is gonna go out of business soon. This place is dead empty!" Blockbuster used to have a somewhat decent selection, but not anymore.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

http://news.yahoo.com/s/ap/20100225/..._of_the_bell_1

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

I also heard they have been having to pull entire stock on certain movies to send back to the distributor. My guess is because they are behind on paying their creditors and the movies are being repo'd, for the lack of a better term. And, yes, I am being serious.

Re: Blockbuster shuts down 960 stores -- if yours is closing post here
 

I went today for an instore exchange of one of my internet titles. While trying to suggestive sell the concessions the girl told me I had a credit on my account. When we looked it up there was a $2 credit from when I had rented Firefly and returned it for another movie when the disc was defective. But the kicker is that all the rentals were online exchanges, essentially no real value however they were willing to give me some free candy or a rental when I never paid a rental fee for Firefly.