Search results
May 5, 2010 · Movie Gallery made a critical mistake that ended up costing them everything. When Redbox hit the scene, Movie Gallery should have sat down and considered the possible outcomes of their...
Sep 23, 2010 · In 2000 Blockbuster collected nearly $800 million in late fees, accounting for 16 percent of its revenue. Last year, those late fees had plunged to $134 million, or just 3 percent of the...
After the end of late fees (early '05, I think), they had $2 a day for new releases, which were titles released in the last twelve months (wall titles). $1 a day for older releases (aisle titles). Later, it went to $5 for a five-night rental for any movie, new or old. Games were $8.
Any remaining late fees were waived, though we're sure ex-company president Michael Kelly wouldn't turn you away if you showed up at his door with $3.50. Funny story, actually: it turns out that those late fees were the petard upon which Blockbuster was always doomed to be hoisted.
At the store I worked at, a VHS (or later DVD) was $2.99 for 2 or 5 nights, depending on the age of the movie. Those were the movies you'd find on the New Release Wall. The 'Favorites' (general catalog) were $1 for 5 nights. Video games were $4.99 for 5 nights.
Blockbuster Video was an industry giant, with thousands of stores across the world and a chokehold on movie and video game rental services. So what happened?...
- 10 min
- 10K
- Jeff Rauseo
People also ask
Does blockbuster charge a late fee?
How did blockbuster make money?
Did blockbuster waive late fees?
Did blockbuster pay more than MSRP for movies?
Are Blockbuster Video stores a good place for Home Entertainment?
Did Blockbuster have a weakness?
Nov 4, 2021 · Blockbuster’s profits depended on penalizing patrons who held onto their movies and games longer than their rental period.
