Blockbuster May Disappear By Next Year (Along With 9 Other Brands)

Blockbuster May Disappear By Next Year (Along With 9 Other Brands)

A popular video rental chain is one business predicted to be closing in 2011.

Naresh Kumar
  • 15 july 2010

24/7 Wall St has released a list of 10 brands that it predicts may disappear in 2011 and among them is Blockbuster, once the leading player in the video rental business in the US. It says that Blockbuster’s business model of renting movies through physical locations has failed against rivals like NetFlix and the onslaught of cable and satellite video on demand. It has lost $65 million in the last quarter and is considering filing Chapter 11. Even though Blockbuster still has more than 6,000 stores, 24/7 Wall St believes that “its brick and-mortar business is dead” while its movie kiosks and Internet-delivered content business may survive.

Access this article for free
Fill in your email below and you'll gain access to this article while also receiving a number of membership features as part of a special 30-day trial.
*Already a member? Log in here

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.