The chain is already undergoing a thorough review, he said, andpromised a new "roadmap" in the next 100 days. "Clearly the videorental business is in transition," he said, driven by technology."The consumer is demanding even more convenience," he noted.

Alluding to other brands that have reinvented themselves, hesaid the goal was to make Blockbuster "the preferred brand foraccess to media entertainment." It will include physical and onlinedistribution, and "video download must be developed," he added.

The transition to keep pace with changing consumer demand, Keyesacknowledged, would take money and time. "There's a lot of work todo."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.