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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (19349)12/22/2004 3:35:42 PM
From: RealMuLan  Read Replies (1) of 116555
 
[Victim of digital era<g>?]--"Blockbuster Goes for Broke"

By Alyce Lomax (TMF Lomax)
December 22, 2004

Blockbuster (NYSE: BBI) had better watch out. The steady trickle of announcements coming out of this once-mighty video rental giant just might make people think that things really are as bad as they seem. Today, Blockbuster said it will reduce the monthly charge for its online rental service to $14.99 per month, which sounds like a desperate move to me.
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