Bearish on Blockbuster

Cnet's Don Resinger doesn't hold back in his vivisection of Blockbuster Video's chances in the online marketplace in his morning rant:

Cnet: Say goodbye to Blockbuster

Much like the print media and retail stores refusing to change, Blockbuster has been a victim on an online company finding new and inventive ways of bringing a product to a customer. And due to its size and outdated corporate culture, there really is no salvation for Blockbuster at this point. Try as it might, the future of Blockbuster is bleak, at best.
Sure, the company still enjoys revenue that climb into the billions of dollars, but with an ever-increasing net loss and a public refusal to focus on Total Access--the area where Netflix continues to dominate--what is the impetus for us to jump on the Blockbuster bandwagon?
Simply put, Blockbuster is doomed. And while many of us have known it for a while now, it's amazing to me that the chairman of the company admitted this in a not-so subtle way, as well.

Mr. Resinger does such a great hatchet job on the company, I don't know what else to add, except to encourage you to read the whole thing.

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