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Archive for November, 2013

Bye Bye Blockbuster (Who Knew They Still Existed?)

November 11, 2013 2 comments

Blockbuster

The last 300 company-owned Blockbuster stores are closing and I, for one, am laughing really hard. And no, it’s not because I forgot to return a 15 year-old video and now my $400 thousand late fee won’t be collected. It’s because in the annals of corporate history, the schmucks who ran Blockbuster were greedy morons who will go down in history as a case study in total strategic cluelessness.

I am not laughing really hard that 2,800 people will be out of work- that’s sad. Though I must say, I find it hard to believe those poor folks thought there was still much of a future in brick and mortar video rental businesses in 2013, A.D. I urge them all right now to avoid sending their resumes to the last Barnes and Noble left in town.

But back to the corporate idiots. First and foremost among them is Viacom which bought Blockbuster for $8.4 billion back in 1994. Dish Network would shell out $320 million a couple of years ago to buy the bankruptcy-riddled company. Let’s put those numbers in relief. $8.4 billion versus $.3 billion. That puts the idiots at Viacom right up there with Rupert Murdoch’s trendy acquisition of My Space for $580 million which he would end up selling six years later for $30 million.

So what were the major mistakes? Oh, not much- other than failing to anticipate the major consumer and technological trends of the 21st century. Like digital streaming. Like the concept of on-demand viewing. In 2000, Reed Hastings, the founder of Netflix, offered to merge with Blockbuster and the video rental store executives basically laughed him out of their offices. In 2002, Blockbuster executives were still unsure of the veracity of this thing called the Internet. A “niche” market, they called it.

Viacom’s idea of remaining competitive against new-fangled competitors like Netflix was to create- and this is really original- a video rental business that would ship directly to consumers! Oops, day late and a dollar short. By the way, showing they now understand the new trends of the past 20 years, Dish network just announced they are also killing off the Blockbuster video-by-mail service, which most people also did not know still existed.

But mostly, Blockbuster sucked because they put really cool, independent, often family-owned video rental stores, out of business. They replaced neat, eclectic movie titles at the indie’s with mass-marketed crap. They also sucked because whatever family fun was to be had hitting the neighborhood Blockbuster on a Friday night, was a huge and expensive pain-in-the-ass by Tuesday morning, when you realized you’d forgotten to return the videos on Monday and now ended up owing pretty much the price of the original rentals in late fees. And then you had to, like, drive an actual car through snow storms and monsoons to return said late videos.

At least the nice Blockbuster employees knew their cinema! Oh, that’s right. Most had no clue about the motion picture industry. Well, as you were checking out paying last week’s late fees and about to incur the following week’s penalties, you could also pick up overpriced bags of popcorn, Twizzlers and Raisinets. That was something.

But we really do have a debt of gratitude to pay to Blockbuster. Turns out, Netflix founder, Hastings, forgot to return his copy of Apollo 13 to Blockbuster way back when and owed some $40. It was his fault but he felt so stupid about it that he purposely avoided telling his wife about the late charge. He started thinking about that and found it insane he was willing to compromise the integrity of his marriage over a video store late fee. That same day he went to the gym and realized he was paying about $30 a month for unlimited use of the workout facilities.

Hey, now there’s an idea, he thought- what if somebody rented videos by mail with unlimited due dates and no late fees?

Netflix now has over $3.5 billion in annual revenues. And though they initially botched their transition from a mostly mail-delivered service to a streaming model, they were obviously savvy and smart to see the digital writing on the wall in the first place, and now with the creation of their own content like the Emmy-nominated “House of Cards,” they show they are creative too.

And that’s the difference between those who at least try to envision the future- and those who don’t.

RGIII- A Future of Pain and Sorrow

November 8, 2013 2 comments

NFL- Baltimore Ravens at Washington Redskins

Clearly, the kid only has one speed and it’s no longer fun to watch.  Without an offensive line to protect him, a defense that defends and a play-caller who is sane enough to know you run when you have a lead, Robert Griffin III is taking the entire team on his shoulders and taking a physical beating.   It’s not his re-built knee that’s in danger – it’s his brain and his very life.

We now know those impressive hits we see in the NFL cause permanent harm.   Former Cowboys running back, Tony Dorsett, is but the latest in a long line of players who have suffered permanent brain injury from the thousands of hits they‘ve absorbed through their college and NFL careers.  Every time RGIII incurs a brutal blow, as he did at least a dozen times in the most recent Redskins’ debacle against the Minnesota Vikings, his brain is literally crashing against his skull and creating the scar tissue that eventually causes memory loss, suicidal thoughts and severe depression.

Someday, when he’s no longer a kid and turns, say 50, will he be able to walk?  Will he remember to take his kids to school?  Will he shoot himself in the chest like Junior Seau did, in order to preserve his brain for clinical study?

I know this sounds sick and extreme.  But it is the reality for NFL players.  It’s why watching this sport is getting to be increasingly uncomfortable.  It’s why I feel very little joy and actually a great deal of sadness when I see this poor kid playing his heart out for a team that cannot protect him and a coaching staff and owner that could care less if they literally break him again and again, only to leave him to recover enough in the off-season to take next year’s beatings.

As you look back at it and understand the frighteningly consistent dysfunction of Daniel Snyder’s Washington Redskins for well over a decade, it makes you wish someone had told this intelligent, charming and supremely talented young man to RUN-  far, far away from Landover and the clutches of the Snyders and the Shanahans.   They’re not only using you, RG- they may very well be killing you.