netzooid

For those who don’t know, Blockbuster is dropping late fees. But,

…customers will be given a one-week grace period after that to return the product. After that grace period ends, the chain will automatically sell them the product, less the rental fee. If the customers don’t want to purchase the movie or game, they can return the product within 30 days for a credit, less a restocking fee.

Oi. Also, John Antioco, the chairman and CEO, admits that “the rental business is under a lot of pressure” – i.e. Not Doing Well, i.e. the whole business is decling with the exception of online rentals.

There is another video on Sirrius focusing mainly on its stock on wsj.com. Evidentally cable companies took “30 years to become pre cash flow positive on a regular basis.” Being young I missed those decades. The other great tidbit is that for the Sirrius stock valuation to worth it, there should be 45 million subscribers. Now there are only 800,000. Putting that in perspective, cable has 67 million subscribers.

This entry was posted on Wednesday, December 15th, 2004 at 9:17 am and is filed under Uncategorized.