The good news is, Blockbuster has a plan to get them outta their financial crisis; the bad news is, there plan blows. I'm sure you have all heard that, with the current economic issues, Blockbuster seems to be tumbling, there was a report not too long ago, that there is no way Blockbuster can pay all its bills and is expected to go into bankruptcy by the end of the year.
So, Cinematical reported an interview done by Blockbuster execs going into a bit of detail on what they came up with to save the big blue box and the empire they created....are you ready? Movie apparel; let me say it again, movie apparel. That's right, the geniuses behind Blockbuster have said they are going to start selling T-shirts, MIB Sunglasses, Field of Dreams Cracker Jacks and other movie posters. The expected revenue generated is enough to turn a mild profit, they claim.
This news is a bit bitter sweet. As most of you know, I have many fond memories of the Block, but I simply don't approve of the company, their poor management and lack of regard for customers and employees alike. That being said, I do think it would be a huge blow to the movie community if Blockbuster goes under. Now, my retail side is wondering how they will get the room for all this new garbage in an already stuffed store. The answer has to be, they will cut back on the movies; the same movies that bring them the revenue they are currently enjoying.
I believe this to be the final blow for the Block, so if you can stand to go in there, give it a shot, it maybe the last time. Just don't be surprised if they don't have that copy of Surf Ninjas you were looking for.
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