You might've recently walked the aisles of one of Blockbuster's 3,525 locations while looking for a good make out movie. If you haven't, go do it now because they're slowly disappearing—despite what Blockbuster CEO Jim Keyes thinks.
Despite the company's $963.9 million debt and the expected closing of another 500 locations, Keyes is optimistic:
While we believe the future is bright, the next 12 to 18 months will remain challenging as we balance the secular decline of a single channel with the ascension of emerging channels, such as vending and digital.I have the vague feeling that this balancing act is more of a gradual phasing out of brick-and-mortar locations and a strict switch to an online distribution model—maybe with the occasional vending machine thrown into the mix—but who knows? Maybe the nostalgia of dusty shelves and limited selection will win out in the end. [MSN via Digg]
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