The Forest Hills store was nearly fully stocked with merchandise, but only had two customers. One of whom had only one thing to say "I don’t usually come in here, I’m just glad I could get a stack of DVDs for what I would have paid for one," on customer said. The store will close for good on before April 9.
As for the Grand Avenue branch, the shelves were nearly empty but ths store was still rather busy. "I already have a Netflix account I’m too lazy to go out to rent movies," said one customer, who was at the location on a candy run. The store is offering customers one free online rental and two free movies in store when they sign up for their online rentals. The store will close for good on April 10.
To keep up with the changing times, Blockbuster began renting movies via its website. The company also has an iPhone application, a renting kiosk, mail service, and an instant download to computer or gaming devices. As of May 2005, it was the only national video rental chain, but the worth of their company has been decreasing over the years. As of February 2006, it was worth onlhy $500 million, and on July 1 the company was removed from the New York Stock Exchange because of plummeting stock.
In March 2010, Blockbuster made a deal with Warner Brothers, which allowed it to receive TWX movies 28 day before Netflix and Redbox. Blockbuster also reinstated late fees on rented movies and games. Neither tactic helpd the company's bottom line, and Blockbuster filed for Chapter 11 Bankruptcy on September 23, 2010. It was announced in a courtroom on March 11, 2011, that in April an auction would be held for parties interested in buying Blockbuster.