Blockbuster Video, Meanwhile, Falling Apart
You’d think that in a recession like the one we’ve been staring at for what feels like the last several years now, home theater entertainment would be out the door and into the street as people, desperate for a few laughs and some thrills without having to shell out a lot of money or having to read their 401K reports. Because those kind of thrills are entirely too depressing.
But anyway–Blockbuster is getting thoroughly trounced by literally every other home theater option out there. Netflix, Hulu, YouTube, the local video store…everybody seems to be doing better than Blockbuster.
In fact, it got SO bad that the New York Stock Exchange was just about to delist Blockbuster stock. See, it’s a requirement of the Exchange that the value of a stock remain above one dollar per share in order to stay on the Exchange. But Blockbuster’s list price for both classes of its shares was under the dollar, and stayed so for three months, which is the Exchange’s limit.
Blockbuster combined its stock classes, which bought it time…but it might not have much longer to live.

