This morning over coffee and a Cinnamon Raisin bagel I heard some very interesting news on the Today Show. According to their sources, Blockbuster Inc. will file for bankruptcy next month. We’ve talked quite a bit about the power of Netflix over the past month… especially how it’s affecting the traditional “Brick & Mortar” locations… and now this news hits us. It’s strange to think that our kids will never have the experience of walking around the perimeter of a (insert local video store here) scanning through title after title of available rentals until you grab 2-3 for a weekend movie fest. As dumb as it may sound, that was always a fun time as a kid. Being able to see covers of movies you’re not quite old enough to see yet… and snatching up one of the last copies of the one you wanted so badly, or the counter guy finding one just returned for you to take home. While blockbuster Inc. is looking at a chapter 11 bankruptcy, I think we’ve all seen time-and-again that this spells out the end of a once American staple. Online video will almost likely be available, but they’ve got a lot of catching up to do if the want even the slightest chance at rivaling Netflix. Hell, I wouldn’t be surprised if we see Netflix buying up Blockbuster in the near future. Blockbuster showed a $65.4 Million loss in the first three months of this year.
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