Blockbuster checking out?

Tuesday, April 7th, 2009

Biggs is the editor of TechCrunch Gadgets. Biggs has written for the New York Times, InSync, USA Weekend, Popular Mechanics, Popular Science, Money and a number of other outlets on technology and wristwatches. He is the former editor-in-chief of Gizmodo.com and lives in Bay Ridge, Brooklyn. You can Tweet him here and G+ him here. Email him directly at john@techcrunch.com. → Learn More

blockbuster-ray-and-carl
Sadly, all three have short lifespans

Video giant Blockbuster can’t get any money to save itself from bankruptcy. Thanks to years of heavy fighting with Netflix, the company has essentially spent itself into the ground and, thanks to the credit crunch, is looking at closing its doors.

Netflix, if you’ll remember, has no overhead. They buy disks, ship them, and wait for them to come back. Add in streaming and the company could basically have no costs except for video streaming expenses. Blockbuster, on the other hand, was late to the DVD-rental-by-mail game and its physical stores are shells of their once-mighty selves.

I’ll admit I have a soft spot for the old Blockbuster store in my heart. Making it a Blockbuster night was one of my fondest teenage memories. Unfortunately, things change.

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