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Matt Canchela, Staci Schmaltz, Jachin Walters. Blockbuster. Mission. “To be the global leader in rentable home entertainment by providing outstanding service, selection, convenience and value.”. Background. The first Blockbuster store was opened in Dallas, Texas In October, 1985
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Matt Canchela, Staci Schmaltz, Jachin Walters Blockbuster
Mission • “To be the global leader in rentable home entertainment by providing outstanding service, selection, convenience and value.”
Background • The first Blockbuster store was opened in Dallas, Texas In October, 1985 • 1996, Blockbuster Entertainment Corporation was renamed Blockbuster Inc., then called Blockbuster Video by 1998 • Blockbuster has over 5,000 U.S. stores (3,291 international) • Including: Canada, Britain, Australia, and Denmark
Background cont. • In December 2004, Blockbuster announced it wanted to pursue a hostile takeover of Hollywood Video, its major U.S. competitor • In August 2004, Blockbuster introduced an online DVD rental service in the U.S. to compete with the established market leader, Netflix
Sales Figures • 2008 revenues: $5.29 billion • 6.4% increase in year-over-year sales • Free cash flow of $110 million
S.W.O.T. • Large inventory levels • “Depth of copy” for new releases • Family – friendly • International brand name • Variety of rental plans/ prices • Online option • Blu-ray
S.W.O.T. • High prices for new releases • Saturated market • Non-competitive hours (redbox, netflix, etc.)
S.W.o.T. • International expansion • Blu-ray & HD conversion • Growing on-line market • Franchising
S.W.O.T. • Hollywood Video • Netflix • Redbox • Online downloading
Sources • http://www.blockbuster.com/corporate/ internationalOperations • http://www.rainydaymagazine.com/ RDMHomeApr2007.htm • http://www.seanbajuice.com/2008/02/ netflixlogo.jpg • http://www.matthewaengel.com/blog/tag/ jobs/