Blockbuster Inches Closer To Irrelevance

Just three months ago, I discussed why Netflix had already won the DVD Rental War against Blockbuster. It now seems that the company’s struggles have really taken hold and mainstream media agrees that it’s time to say goodbye to Blockbuster.

In their third-quarter results, Blockbuster reported a decline in revenue of over 5% and a net loss of $35 million. They’ve also closed over 500 stores in the past year and are now watching their stock price falter to $4.81 at Friday’s close.

For more gruesome Blockbuster analysis, continue reading at Brent Evans Geek Tonic.