Blockbuster being auctioned off today

By Emil
Apr 4, 2011
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  1. Bankrupt movie rental chain Blockbuster is being auctioned off today. Multiple bidders will fight for the rights to the company's next owner as well as the amount of money available to pay off its claims. The auction could preserve Dallas-based Blockbuster as an ongoing business, although bidders also have the option of liquidating the company, or closing it.

    Read the whole story
  2. LNCPapa

    LNCPapa TS Special Forces Posts: 4,181   +411

    I would've liked to give $100 for Blockbuster just for the pleasure of liquidating them and donating the liquidation proceeds to helping the homeless in the US.
  3. Rick

    Rick TechSpot Staff Posts: 4,573   +65

    When your business model can be replaced by a vending machine, you have failed.
  4. war59312

    war59312 TS Enthusiast Posts: 111

    I (and probably thousands more) were screaming (both literally and online) for Blockbuster to buy out Netflix right when they started getting big a few years back, but no, Blockbuster thought companies like Netflix were only a FAD.

    I guess Blockbuster was the FAD. *****s! Glad they are going out of business. Nothing but problems in my neck of the woods. In fact so bad, we (the neighbor community) had our local once shut down over a year ago. It sucked. Rip off artists!

    So no crying from me!
  5. captaincranky

    captaincranky TechSpot Addict Posts: 10,865   +1,523

    I believe that Blockbuster briefly dabbled in vending DVDs by machine also. The machines were gray, and DVDs were supplied in standard sales boxes, in lieu of custom tailored cases a la "Redbox".

    I think the marketing name was, "DVD Express".

    It would seem that the kiosk vending model didn't work for Blockbuster either.
  6. treetops

    treetops TS Evangelist Posts: 1,842   +126

    There vending prices were probably insane like there rental prices. I feel no pity for them they bullied out all of the grocery store video rental stores and mom and pop video stores. If they were smart they would have just copied netflix, with there logo they would have destroyed netflex. But low and behold they did not strike while the iron was hot.

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