Mon 26 Dec 2005
BlockBuster’s Fortunes Falling; NetFlix’s Rise
Posted by Wayne under NetFlix DVD Rental , BlockBuster OnlineComments Off
LOS ANGELES (Reuters) - When the head of said rival Blockbuster Inc. threw “everything but the kitchen sink at us,” the world’s largest video rental chain responded by sending him … a kitchen sink.
The message from last January’s interchange was clear: Blockbuster, with $6 billion in 2004 revenue and 5,500 domestic stores, intended to own online DVD rental, an $8 billion industry pioneered by Netflix.
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