Wednesday, April 8, 2009

Daddy, what's a video store?

The change is coming.

Headline & Kicker: Blockbuster says it may not be able to continue
In regulatory filing, it discloses auditor doesn’t see future for company

FTA: Even if the ($250 million) loan is funded, the company said it “may not have sufficient liquidity to finance the ongoing obligations of our business, which raises substantial doubt about our ability to continue as a going concern.”

And this is thanks to tech that only began getting popular in the mid nineties.

EDIT: There's also stuff like this, 'Over a million people have downloaded the leaked print of Wolverine. Now people are selling DVDs of it on the streets of San Francisco and New York City,' which can't be helping Blockbuster's cause.

Downloading is easier. Content (seems) to want to be free. Everything we do makes it easier and easier to move media around...

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