After a decade of domination of the market, the economic crisis and piracy have almost defeated Blockbuster Video, the largest chain of stores for the purchase and rent movies on DVD and Blu-ray.Gli directors of the company, which has nearly 3,500 stores in the United States and branches in 29 countries worldwide, announced that in mid-September filed for bankruptcy, and negotiations are underway with major movie studios to ensure that, despite the bankruptcy, they continue to provide the chain video rental of the equipment needed to continue the business. Last week, in fact, reports the Los Angeles Times, the chairman of Blockbuster, whose headquarters are in Dallas, Jim Keyes and the heads of 20th Century Fox, Paramount, Sony, Universal, Walt Disney and Warner Bros. have met in Los Angeles to discuss an action plan that allows save at least part of the home video rental.Blockbuster lost since the crisis began, that by early 2008, about one billion dollars and 920 million interest on debt that the company must pay each month are choking the mecca dell'homevideo. To stem the losses of the company leaders decided to close about 800 stores in the United States and a "pre-bankruptcy Planned," something more than the arrangement with the bankruptcy legislation Italian. In the last year Blockbuster had 1,000 stores closed in the U.S. territory, a crisis that not only has to do with the global economic downturn of that period, but with a market that has lost interest in the rental of cassettes and DVDs because of piracy over the Internet, the play-per-view and video rental systems with home delivery as Netflix and Redbox. On the website of the Los Angeles Times readers and users of the service provided by Blockbuster did not fail to give their interpretation of the crisis of the Texas company. For many, a retail chain that rents movies at a price competitive and do not pay fines in the case of salted late delivery of video support, no longer makes sense to exist, the world's largest digital communications. Even if what you get 'place in September should be a rescue attempt, Blockbuster, so' as has happened recently for the rival Hollywood Video, has contati.Anche day in Italy, the crisis has been felt. From early 2008 the economic loss of Blockbuster Italians, who employ 1500 employees, is 5 million euro and a plan for downsizing should lead to the closure of about 20 of the 235 stores on our territory. Blockbuster arrived in Italy in 1994, thanks to a joint venture with Fininvest.
of my I can say that I have always found it a bit expensive, I began to not rent from Blockbuster more when a shopping center near House rent at a price much lower, then I discovered the Hollywood chain. The convenience of the provider 24 hours is good also for mentioning the film within 6 hours is very cheap.
Sorry for Blockbuster, I'm sorry for the employees of Blockbuster ...
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