Matt Canchela, Staci Schmaltz, Jachin Walters
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 internationalOperations RDMHomeApr2007.htm netflixlogo.jpg jobs/