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Cutting late fees slashes Blockbuster's revenue
newschannel5.tv ^ | August 9, 2005

Posted on 08/09/2005 8:52:51 AM PDT by Altair333

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I for one am laughing about this. It's gotten ridiculous how few movies there are available to watch at my local Blockbuster. Because everyone is keeping them 10 days.

So I just stopped going because I got tired of wasted trips to the video store only to see the movie was checked out.

1 posted on 08/09/2005 8:52:53 AM PDT by Altair333
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To: Altair333
Merchandise sales, however, were up 12 percent.

Because, if you keep the DVD too long, they charge it to your credit card??

2 posted on 08/09/2005 8:54:31 AM PDT by atomicpossum (Replies should be as pedantic as possible. I love that so much.)
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To: Altair333

Netflix is cleaning their clock.


3 posted on 08/09/2005 8:54:46 AM PDT by EggsAckley
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To: Altair333

Try Netflix. They have sped up their delivery by a bunch.


4 posted on 08/09/2005 8:54:52 AM PDT by InvisibleChurch (Mr. Chambers! Don't get on that ship! The rest of the book, "To Serve Man", it's... it's a cookbook!)
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To: Altair333
They didn't just "shoot themselves in the foot"--

--They sliced open their Femoral Arteries.

5 posted on 08/09/2005 8:55:00 AM PDT by ExcursionGuy84 ("I will Declare the Beauty of The LORD.")
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To: Altair333

I haven't been to a Blockbuster in years...and I used to go all the time. I have had NetFlix for the last year and love it.
DVDs mailed to you home and you just drop them in the mailbox when you are done. You just need to create a queue and plan ahead a little regarding what you want to watch. Plus the selection is way better than Blockbuster ever was.


6 posted on 08/09/2005 8:56:15 AM PDT by flixxx
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To: InvisibleChurch

I have noted that too...they now have a distribution center in Omaha, so we get movies within a day sometimes (was around 2 to 3 before).


7 posted on 08/09/2005 8:57:23 AM PDT by flixxx
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To: flixxx

BINGO! Netflix has a selection that Block(headed)Buster can't touch. Plus, you can't beat the convenience.


8 posted on 08/09/2005 8:58:36 AM PDT by Malacoda (*~*~*~*~*~*~*~*~*~*~*~*~* ! *~*~*~*~*~*~*~*~*~*~*~*~*)
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To: atomicpossum

that's why I quit going to Blockbuster YEARS ago...one day late and they'd automatically charge my credit card...no option to pay cash for the one day late charge (also, their system provided no way of even knowing if they charged the credit card in error....you weren't even notified of the charge for any "alleged" lateness).


9 posted on 08/09/2005 8:59:37 AM PDT by nicmarlo
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To: Altair333

Revenue is down because of late-fees ? I guess it has nothing to do with competition from the likes of Netflix.


10 posted on 08/09/2005 9:00:16 AM PDT by Panerai
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To: flixxx

Any comparison between Blockbuster's rent by mail and Netflix's? I was thinking of signing up for Blockbuster because I would like to get the two store rentals in the price and they gave a better description of how multi-DVD sets are queued up in order. (I could figure out Blockbuster, but I couldn't find how Netflix did it).


11 posted on 08/09/2005 9:00:40 AM PDT by KarlInOhio (Bork should have had Kennedy's USSC seat and Kelo v. New London would have gone the other way.)
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To: Altair333

We have a 'Family Video' store near us, and has never charged a late fee, kids movies are free, lots of little add ons. I think they are a franchise. Blockbuster was outrageous with the late fees and places like this and Netflixs were cleaning Blockbuster's clock with customer service. It might be too late for Blockbuster, they missed a market opportunity, and are now trying to play catch up.


12 posted on 08/09/2005 9:02:23 AM PDT by Indy Pendance
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To: Altair333
Thanks to DVD, they can't fine people who fail to rewind anymore either.

I go to a local store here in Minneapolis which is run by two brothers. It has a great selection of classic sci-fi and horror, as well as an even better selection of foreign titles than the local "international" video store. I'm not violently against contemporary American movies the way some people are, but I'm more interested in watching and learning about older movies and films from around the world which don't get as much attention.

13 posted on 08/09/2005 9:03:34 AM PDT by RightWingAtheist (Creationism is not conservative!)
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To: All

by the time you figure costs and time, it is cheeper to just buy the dvd sometimes.

Given the manure that is produced and the lack of movies I actually want to see, it is not that often.


14 posted on 08/09/2005 9:05:21 AM PDT by longtermmemmory (VOTE!)
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To: Altair333

I haven't noticed any movies lately worth renting. I check out movies from our local library and still wonder if they're worth the gas.


15 posted on 08/09/2005 9:07:38 AM PDT by mtbopfuyn (Legality does not dictate morality... Lavin)
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To: Indy Pendance

What this says to me is, Blockbuster was in the business of collecting late fees, not renting movies.


16 posted on 08/09/2005 9:08:28 AM PDT by Eric in the Ozarks (Scratch a Liberal. Uncover a Fascist)
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To: EggsAckley

In my neighborhood our digital cable company Comcast provides OnDemand movies for $4 - the same as a Blockbuster rental, without the hassle of driving 4 miles. Between NetFlix and cable TV on demand, Blockbuster is quickly becoming an obsolete idea. On Demand lets you pause, watch again, etc. for 24 hours.


17 posted on 08/09/2005 9:09:13 AM PDT by mallardx
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To: EggsAckley
"Netflix is cleaning their clock."

EggsAckley!

18 posted on 08/09/2005 9:09:16 AM PDT by Joe Brower (The Constitution defines Conservatism. *NRA*)
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To: EggsAckley

I was with Netflix twice and went back to Blockbuster. The turnaround on DVDs were great as one of their distribution centers is just down the road from me. My problem was how they treat you after you've been with them for a while. At first everything's great, then one day you start noticing "very long wait" and "long wait" next to movies in your queue. The waits got so bad, I was watching one of the movies on DirecTV PPV that still showed "long wait" in my queue.

I now have the movie pass with Blockbuster which allows me to have to movies out at a time. It costs more, and I have to drive there, but at least I don't have to wait forever for movies.


19 posted on 08/09/2005 9:11:59 AM PDT by JZelle
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To: Altair333

I suspect Blockbuster's woes are more related to the crap they're trying to rent out. All those DVDs and hardly a one worth the cost to watch.


20 posted on 08/09/2005 9:12:16 AM PDT by skeeter
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