Blockbuster's likely bankruptcy filing will mean lots of their stores will close. That's sad! The loss of Blockbuster stores is a loss for everybody.
Of course, filing for bankruptcy doesn't mean that Blockbuster will close all its stores and go away entirely. It just mean that they're going to consolidate their into more profitable markets, and close down somewhere around 50% or 70% of their lower-performing stores. That sucks.
I pay $20 a month for three in-the-mail rentals, like with Netflix. Unlike Netflix, I'm able to exchange each one of these rentals in-store, immediately, with a physical movie, which satisfies my watch-it-right-now urge I get once in a while. Plus, all of these are Blu-ray.
And Blockbuster has games! Because I signed up for my plan years ago, I got grandfathered in to have two free video game or movie rental coupons a month, bringing the value up that much higher. And, thanks to the recent addition of game rentals through the mail, Blockbuster eliminates the need for me to sign up for a separate plan for Gamefly, which is quite expensive on its own. All this for just a Jackson every month.
That's not to say Blockbuster's doing everything right. The lack of internet streaming option is a big mistake, even though I prefer 1080p Blu-rays to Netflix's HD streams. (Seriously, if you have a decent TV and a good audio setup, you can definitely tell the difference between a 1080p Blu-ray and an internet-streamed video.) And, late fees have always been and will always be a pain. But in a few years, when I have kids and want to show them that obscure movie from the '80s starring Tom Cruise, Mia Sara and unicorns, what options do I have? Redbox surely won't have it, so my only hope is that by then, every movie will be streamable. That's not something I'd bet on. And without Blockbuster, I'll probably have to send them to torrents or ebay or buy every movie I want to watch, outright.