Blockbuster no more late fees! - GoFuckYourself.com

eddie-executive · 01-01-2005, 06:34 PM

Now you'll never get a video you want in there

NY_TIM · 01-01-2005, 06:35 PM

Quote:

Originally Posted by eddie-executive

Now you'll never get a video you want in there

HA, I just saw that commercial......

BVF · 01-01-2005, 06:36 PM

I have movie pass but I still return my videos promptly. But some idiot had the first lord of the rings out since dec 4. Just now got it.

Alltopnotch · 01-01-2005, 06:38 PM

no late fees? wtf...how is that supposed to work?

Rantan · 01-01-2005, 06:40 PM

Quote:

Originally Posted by Alltopnotch

no late fees? wtf...how is that supposed to work?

instead of charging late fees, they charge you for the whole movie, to keep, great idea isnt it?

RP Fade · 01-01-2005, 06:44 PM

Quote:

Originally Posted by Alltopnotch

no late fees? wtf...how is that supposed to work?

I signed up for it because I am notorious for late fees. You can rent up to 2 movies at a time, keep them as long as you want, return them and get 2 more, ect. It's $19.95/month and well worth it for me

sean416 · 01-01-2005, 06:50 PM

this isn't exactly breaking news, there was threads about it months ago

cosis · 01-01-2005, 07:04 PM

blockbuster use to invent late fee's for me, fuck em

TheMob · 01-01-2005, 07:07 PM

isn't that what their business model is based on?

kane · 01-01-2005, 08:17 PM

the article I read said that blockbuster makes between 300-400 million a year in late fees. They had the best scam ever going. Thier new releases are 2 day rentals so If you go rent it on a saturday night it's due back on Monday by Noon. Most people are at work all day monday so you better either take it back sunday night or on your way to work monday. So it never really was a "2 day rental" more like a day and half so all the people that forgot and took it back monday afternoon got a late fee.

the new system you get a 5 day grace period if you bring it back within that period no problem. If you don't then they charge you the price of the DVD. You can still bring it back and they will refund your money less a $2 restock fee. They say they will make the difference in lost revenue up in volume.

Maybe I'm just dumb but I'm not sure how this system is going to replace 300-400 million a year. You have to assume that most people will being a movie back in the grace period and those that don't will once they are charged the full amount so someone could keep a movie 3 weeks and end up only paying a $2 late fee on it. I think that what may happen is it will be harder and harder to get the new movies because people will rent them and not bring them back on time because they don't have too.

I think maybe what they are doing is just trying to push the movie pass thing and using this as a device for that. I use netflix and won't switch over because netflix seems to have about 200 times more movies than the blockbuster store where I live so there is much more to choose from and it's only $18 a month.

emthree · 01-01-2005, 08:30 PM

Quote:

Originally Posted by Rantan

instead of charging late fees, they charge you for the whole movie, to keep, great idea isnt it?

haha exactly

Netflix is killing them

xclusive · 01-01-2005, 08:38 PM

They had to do it but they will be fine

01-01-2005, 06:34 PM	#1
eddie-executive Confirmed User Join Date: Apr 2003 Posts: 2,061	Blockbuster no more late fees! Now you'll never get a video you want in there __________________ Jealousy... is a mental cancer. ~B.C. Forbes

01-01-2005, 06:36 PM	#3
BVF Black Vagina Finder Join Date: Jan 2002 Location: The Midwest Posts: 13,975	I have movie pass but I still return my videos promptly. But some idiot had the first lord of the rings out since dec 4. Just now got it. __________________ Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

01-01-2005, 06:38 PM	#4
Alltopnotch Confirmed User Join Date: May 2004 Location: Oakland Posts: 2,845	no late fees? wtf...how is that supposed to work? __________________ WANT A FREE LAPTOP?

01-01-2005, 06:50 PM	#7
sean416 Confirmed User Join Date: Feb 2004 Location: Toronto Posts: 3,633	this isn't exactly breaking news, there was threads about it months ago __________________ ServerProvider.com

01-01-2005, 08:38 PM	#12
xclusive Too lazy to set a custom title Join Date: Apr 2004 Location: Buffalo, NY Posts: 35,218	They had to do it but they will be fine __________________ I support MediumPimpin.com / Shemp's Outlawtgp.com /

01-01-2005, 07:04 PM	#8
cosis Confirmed User Industry Role: Join Date: Aug 2001 Location: Beach Posts: 5,281	blockbuster use to invent late fee's for me, fuck em

01-01-2005, 07:07 PM	#9
TheMob Confirmed User Join Date: Jan 2003 Location: 2006 Posts: 8,584	isn't that what their business model is based on?

01-01-2005, 08:17 PM	#10
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	the article I read said that blockbuster makes between 300-400 million a year in late fees. They had the best scam ever going. Thier new releases are 2 day rentals so If you go rent it on a saturday night it's due back on Monday by Noon. Most people are at work all day monday so you better either take it back sunday night or on your way to work monday. So it never really was a "2 day rental" more like a day and half so all the people that forgot and took it back monday afternoon got a late fee. the new system you get a 5 day grace period if you bring it back within that period no problem. If you don't then they charge you the price of the DVD. You can still bring it back and they will refund your money less a $2 restock fee. They say they will make the difference in lost revenue up in volume. Maybe I'm just dumb but I'm not sure how this system is going to replace 300-400 million a year. You have to assume that most people will being a movie back in the grace period and those that don't will once they are charged the full amount so someone could keep a movie 3 weeks and end up only paying a $2 late fee on it. I think that what may happen is it will be harder and harder to get the new movies because people will rent them and not bring them back on time because they don't have too. I think maybe what they are doing is just trying to push the movie pass thing and using this as a device for that. I use netflix and won't switch over because netflix seems to have about 200 times more movies than the blockbuster store where I live so there is much more to choose from and it's only $18 a month.