Developing Business

In: Business and Management

Submitted By steffer
Words 678
Pages 3
Case 3
1. What is Blockbuster's business model?
Blockbusters' business model has traditionally been as a rental service for videos and DVD's. But over time, the company has progresses and expanded their model in order to compete with Netflix offerings. Currently, the Blockbuster model includes the in store rentals, an online rental service, Movie Pass (monthly subscriptions), Game Pass (video game subscriptions) and a no more late fee program.
How successful has it been?
Successful but not enough to match their competition. According to analysts, Blockbuster's offerings in the online DVD market is "inferior" toNetflix. Blockbuster's no late fee option also caused problems in the fee revenue.

2. What industry and technology forces have challenged the business model? What problems have they created?
Netflix posed as first threat to Blockbuster's business with its convenience of online DVD rentals. This change in the industry made video/DVD rental possible without a store. Netflix also eliminated the late fee charges by allowing customers to keep the movies for as long as they wanted. This posed a problem for Blockbuster, as they incurred $250 - $300 million in annual late fee revenue. Blockbuster's biggest problem was Netflix's gain of market share. Blockbusters has had to revise its business model to stay competitive and with the help of it's CEO, hopes to find new opportunities in the movie rental market.

Currently, Blockbuster and Neflix are up against new technology in VOD. The impact on rentals could make Blockbuster obsolete. The internet is another problem in technology for Blockbuster because now movies can be downloaded. But these movie options are expensive, are only formatted for computer screens and do not have the extras that a DVD offers. In addition bandwidth makes movie downloads take a long time.

Lastly, Apple has rumored to be a…...

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