Blockbuster Closing Nearly 1,000 Stores
Adding 10,000 Kiosks
Published: 09/17/2009 01:51am
In another sign of the rapidly changing retail landscape for DVDs, Blockbuster revealed in an SEC filing this week that it is closing as many as 960 of its stores in 2009 and 2010, twice the number it had previously expected. At the same time, the company is rapidly expanding its DVD kiosks.
The store closings will reduce the company’s retail locations significantly; there are around 4,350 Blockbuster stores in the
The kiosk expansion is happening at blinding speed, with the company expecting to have 2,500 in place by the end of 2009 and 10,000 in place by the middle of next year, up from 500 now. The kiosks, built by NCR and licensed by Blockbuster, will offer 4,000 titles (see “NCR Adds 11,000 Kiosks”).
Kiosks are expected to account for 30% of the
Blockbuster has been financially stressed, but was able to restructure its debt to avoid immediate problems (see “Blockbuster Restructures Some Debt”).
|Rolling for Initiative--If It's March, It Must Be GTS|
|DVD Round-Up: 'Inside Llewyn Davis,' 'Out of the Furnace,' 'Homefront,' & 'Psycho-Pass'|
|The Aftermath of Pro Tour 'Born of the Gods' and Other Events|
|Confessions of a Comic Book Guy--A Good Comic Is a Good Comic|
|Rolling for Initiative--No Virginia, There Is No 'Adventure Time' Promo Card|
|Travis Severance of Millennium Games and Hobbies on 'HeroClix Organized Play'|
|Andy Battaglia of Comics Etc. on 'HeroClix Organized Play'|
|Dave Salisbury of Fan Boy Three on Games Workshop's ' White Dwarf'|
|Joe Krolik of Comics America on Comic Book Variants|
|Jay Bardyla of Happy Harbor Comics on Marvel's Variants|
|First 'Sin City: A Dame to Kill For' Trailer
Jessica Alba--All Grown Up--AgainJessica Alba's bump-and-grind sets tone for Sin City 2.