For all of you old-schoolers still clinging to those trips to the video store, the availability of video stores is likely about to decrease. Blockbuster is planning to file bankruptcy next month. It’s not the Chapter 7 variety that basically eliminates the video store — it’s the Chapter 11 restructuring options, which will likely result in the loss of about 500 to 800 Blockbuster outlets around the nation. Of course, since the video store has lost around $1.1 billion in the last two years, I suspect this is only a temporary hiccup on its way to permanent dissolution (save for, perhaps, the Blockbuster mail service).
Personally, I don’t know anyone who still visits Blockbuster video stores, and in my neck of the woods, I haven’t even seen one in years. There are 3500 outlets currently, so they must be around somewhere.
The good news, however, is that if you own a new iPhone or an iPod Touch, your media viewing options have increased, as Netflix has finally added the much anticipated Netflix Streaming App, so you can now watch streaming Instant Watch selections on your tiny screens for free. You do, however, have to be a subscriber of Netflix.
And in a related story, for those of you considering shelling out $10 a month for the Hulu Plus subscription, you should know this: Over 88 percent of that content is already available on the free Hulu, and much of the premium content is already available on Netflix Instant. (Source: Slashfilm)
The more you know.