The Blockbuster video store chain is seeking some revenge against old nemesis Netflix by offering a less expensive way to watch videos online and rent DVDs through the mail.
The Blockbuster video store chain is seeking some revenge against old nemesis Netflix by offering a less expensive way to watch videos online and rent DVDs through the mail.
The DVD-by-mail service Netflix built its business on will soon be known as Qwikster. The rebranding follows Netflix's decision to split its DVD rental business from its online streaming service, a move that raised the prices for customers who want both by as much as 60 percent.
Netflix's decision to raise prices by as much as 60 percent is turning into a horror show.
Netflix is giving Redbox a golden opportunity to gain some ground.
The government should not be telling us where we can and can't spend our money. We don't need big government rigging markets to favor one producer over another at the expense of competition and the little guy.
Americans spent more money renting home movies than buying them in the second quarter, marking only the second time that's happened in the DVD era. The big switch in consumer behavior shows the rising popularity of cheap alternatives like Netflix and Redbox and suggests people are pinching pennies in this economy.
There will be no storybook ending for Borders. The 40-year-old bookseller could start shuttering its 399 remaining stores as early as Friday.
Even with a fee hike, millions of Netflix subscribers will be spending less each month than what it costs two adults to watch a single movie in a theater.
