I caught this article yesterday about Blockbuster video and their financial woes - Blockbuster is Bleeding to DeathI'll provide a summary:
Blockbuster is one billion dollars in debt. In a last-ditch effort to avoid declaring bankruptcy, they are in the process of placing Blockbuster kiosks across the nation, have signed a deal with Warner Bros. Studios to offer those movies one month before NetFlix, and have launched mobile movies through T-Mobile. However, this may still not be enough.
Most of the video store chains have vanished. Will Blockbuster be next?
The way we watch movies is changing - fast.
I can't remember the last time I rented a DVD from a store. Most of my 'rentals' come from NetFlix. Shows I watch on Hulu. Occasionally I watch a movie on one of the movie channels. Soon I will have the adapter for my Bluray, and I'll be able to watch NetFlix movies on my TV as well. A NetFlix app for the iPhone is in the works, and it won't be long before mobile movies are available on every phone.
Of course, my first choice is still the movie theater. With the advancements in 3D, it's an incredible experience and the theater is the only place to see it... or is it? The first 3D movies are now hitting the market, and this June several stations will begin broadcasting in 3D.
Has the way you watch movies changed in the last 5 - 10 years? Are you a NetFlix junkie like me? Will you purchase a 3D TV within the next year?
