Friday, October 23, 2009

Netflix Killed the Video Store

Jane's kid made a trip to Blockbuster recently... I didn't even know those stores were still around.

Turns out there must be a few, as the company is still publicly traded. Unfortunately for anyone that owns that stock, it has lost 80% of its value just since the beginning of 2007.

And that's not from the recession, Netflix stock has jumped nearly 90% over the same period.

Anyone remember back when Blockbuster was the new kid on the block, "changing all the rules" of home entertainment, and eating the lunch of all the small video rental stores? Guess karma can be a bitch even for corporations.

1 comment:

Jane Dough said...

Have you seen this from The Onion?