Monday, May 12, 2008

Blockbuster to Buy Circuit City, Entire World Sez Wait...What?

No I don't make these post up. With a share price offering of between 6 to 8 dollars a share, Blockbuster hopes to create an 18 billion dollar converged mega retail renter super store, or something.

I can't really see how this helps either company. I don't rent movies, and when I do, it's usually from my cable box or my xbox live. If I buy movies, it's usually from amazon for their cheap(er) Blu-ray selection. I guess I still buy my electronics from big box retail, but that still doesn't help Blockbuster as I'm not there for movies in the first place. Impulse buying is the last thing on my mind after I just dropped a couple of hundred on whatever it was I was there for in the first place.

I guess we'll just have to wait it out...

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