Bye Bye Blockbuster Online — Prediction
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I have been a subscribing member to both Netflix and Blockbuster Online. It has been six months since I have not had a subscription to either one. I was just reading that Blockbuster Online is increasing all of its plans with a hike rate of $2 to $10. This means that their top tier rental plan is going up about 40%.
When I had their service, the online rental service stunk as I never could get new releases. Yes, it was nice that I could go in the store to pick up rentals. This forced me to rent garbage movies online that I did not watch, so I can turn them in for store rentals. With their higher fees, I predict that Blockbuster will be out of business soon. Netflix will only profit from this. What are your thoughts?
Blockbuster raising prices for service.