2010년 8월 2일 월요일

Bye Bye Blockbuster!

Wow! Blockbuster which was the largest video rental firm was removed from NYSE and is trading on OTC. They lost market shares from Netflix. Netflix stock price is soaring over the years when Blockbuster stock was plunging. When I had a project about Video Rental Kiosk dominated by Redbox, Blockbuster tried to open its kiosk with Coinstar, but it did not work well and they closed stores and could not install its kiosks into Malls and retail stores where Redbox has already installed its kiosks over the years. Blockbuster faced a threat from Netflix which changed customers' tastes to renting DVDs through online. its Founder tried to sell his own shares at fire prices. Hey! Wattles! Don't run away from your business. You would better think about how to deal with this situation rather than running away from this!

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