Have you sold your shares in Blockbuster yet?

Posted by Chris Green on Monday January 21 @ 10:11 pm

Toilet

The Apple iTunes movie service gets off the ground properly (around 1,000 standard definition titles/around 100 high definition titles) in just under two weeks in the US. Talking with some of my contacts in the movie business, it would seem a decent UK launch of the same service is not so far behind (unlike the TV show sales service which took forever to get to the UK due in part to the complexities of country-by-country rights issues).

If you are a shareholder in Blockbuster Inc (parent company of Blockbuster UK and listed on the New York Stock Exchange under the ticker symbols BBI and BBI.B) I really think you need to consider dumping your stock now and putting what little money you get from selling into something that might actually have a future - like supermarkets (Tesco, Wal-Mart etc) or other grocery store chains (Whole Foods Market), guns, adult entertainment, Domino’s Pizza or oil.

I’d say you have about 12 months before Blockbuster’s stock isn’t worth the paper it is printed on (on the plus side, you will be able to use your share certificates as toilet paper - cheaper than buying the stuff on the roll), unless the company wakes up now and overhauls both its business proposition and its customer service on both sides of the Atlantic.

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