Redbox Files For Bankruptcy; Nearly $1B In Debt
- Thread starter Goldie
- Start date
Black_Samson
OG
Redbox shoulda tapped out soon as the fire stick dropped.
konceptjones
The one between three and three.
The one at the Kroger closest to me had a sign on it talmbout it was going to stop taking returns soon.
I'm kinda surprised about this. Even in the last year or so I've seen lines at the Redbox machines. Figured they would be doing enough to stay afloat.
I'm kinda surprised about this. Even in the last year or so I've seen lines at the Redbox machines. Figured they would be doing enough to stay afloat.
already home_17
Attitude Still on “Fuck It”
scalywaters
Active Member
when dvds went away they should have known what was up
unspoken_respect
Progressive Conspiracy Theorist
Blockbuster can rest in peace now
The Lonious Monk
Celestial Souljah
This. As streaming ticked up, they should have found a way to transition their business or cut their losses before winding up in debt. There is no way they shouldn't have seen the end coming.
The people that ran Blockbuster have to be least visionary people to have existed in business. They had a chance to buy Netflix early on but didn't see the value in it. Had they been smarter, all their stores would have still closed, but now Blockbuster would be the big time streaming app and they'd probably be more successful than they ever were as a brick and mortar store. I think Yahoo made a similar goof by passing on buy Google.