Retail Industry
Industry: Email Alert RSS FeedAntioco, proving naysayers wrong.(Blockbuster at 20: VB high profile)(Interview)
Video Business, November, 2004 by Sweeting, Paul
Blockbuster chairman and CEO John Antioco talks to VB's Paul Sweeting about the company's prospects for the future.
VB: For much of the past 10 years, a lot of people have doubted that Blockbuster would reach the 20-year milestone. Now that it's in sight, what do you say to those skeptics, and does Blockbuster have another 20 years ahead of it?
Antioco: Over the last 20 years, the Blockbuster-is-going-out-of-business tom-toms have gone up and down in volume but have never really gone away. Right now, they're beating a little more loudly for a couple of reasons. First, the whole video rental industry has had a tough year. Second, there is continued pressure from retail [i.e. sell-through]. Then you throw in the impact of Netflix, and I also think...
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