Dish Network, which bought the remains of Blockbuster after a bankruptcy auction in 2011, made the decision. Dish believed that Blockbuster stores could give it a physical storefront/retailing face to help sell all kinds of stuff including satellite TV programming packages and equipment.
The demise of DVD rental/sales stores was talked up long before the current digital revolution.
In the late ‘80s/early ‘90s, the cable industry’s pay-per-view operations – which allowed consumers to rent specific movie titles via their cable systems -- were getting some success and notoriety.
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At the same time Blockbuster continued to have a decent and growing business. Still, for years, PPV proponents believe it wouldn’t be long before their operations would defeat the likes of Blockbuster. That never happened.
The logic of why Blockbuster persisted went something like this: Consumers like to leave their house to go shopping in real time, in order to touch and hold real products like DVDs.
Two decades later, that appears to be less of an issue. The only products consumers now want to hold in their living rooms -- besides TV remotes -- are smartphones or tablets.
What comes next? For years, we have heard about the troubling times for all electronics-driven brick-and-mortar stores such as Best Buy. We can now get all our personal electronic devices more easily online through Amazon and other places.
So many of those PPV proponents should have broadened their prognostications beyond electronic delivery of on-demand TV programming. Even then, they weren’t entirely wrong, just a couple of decades delayed.
Well-established electronic brand names could still be important. A Dish executive said, “We continue to see value in the Blockbuster brand, and we expect to leverage that brand as we continue to expand our digital offerings.”
If you can’t beat them, join them -- if it’s not too late. Brick-and-mortar stores? Big-time movies still play in big buildings.
I was never a Blockbuster person, I preferred to buy my VHS videos, last month I found a person who wanted all my 520 tapes. Wow, what a relief...
Consumers want content on their timetable and budget. The success of original programming such as 'Orange is the New Black' and 'MisFits' on PPV proves that. Movies and theaters won't disappear any time soon. However, it will become increasingly difficult to attract patrons out on a cold night to pay 50.00 or more-when they can sit at home and binge. On food and content.
And play back equipment is so much better these days and no one is talking behind you either...