Petteri Pyyny
13 Sep 2001 13:41
Big retailers have made steps towards stronger positioning on DVD rentals in U.S. Blockbuster recently announced that they will cut the number of VHS movies available for rental and focus more on growing DVD markets instead. Blockbuster will take $450 million charge because of this move.
Also, consumer electronics retailer Best Buy has announced a co-operation with online movie rental company Netflix.com. Best Buy will offer co-branded version of Netflix's monthly rental scheme, where consumer gets unlimited number of rentals for $20/month.