Sales: Sales: Support: Support:
Academic writing services  
 
Custom written essay Book report Research paper Dissertation Resume and CV Editing and proofreading  
main menu
discounts
discounts
By ordering custom paper you get
  • 24/7 Support
  • Over 100 professional US Writers
  • 300 words per page
  • Flexible discount system
  • FREE revision (within 2 days)
  • Anti-Plagiarism Software Check
we accept
sample essays
Accounting Essays
Admission Essays
Analysis Essays
Art Essays
Biography Essays
Biology Essays
Book Review Essays
Business Essays
Case Studies Essays
Cause and Effect Essays
Character Analysis Essays
Communication Essays
Communication and Media Essays
Compute Technologies Essays
Consideration Essays
Controversial Essays
Description Essays
Economics Essays
Education Essays
Evaluation Essays
Explanation Essays
History Essays
Job Essays
Law Essays
Management Essays
Medicine Essays
Music Essays
Personal Essays
Personal Experience Essays
Persuasive Essays
Persuasive Speech Essays
Philosophy Essays
Political science Essays
Politics Essays
Proposal Essays
Psychology Essays
Reflective Essays
Religion Essays
Research Essays
Response Essays
School Essays
Science Essays
Sociology Essays
Technology Essays
World Literature Essays
Blockbuster’s Bankruptcy essay
 
← The History of LawAppeals →

Blockbuster’s Bankruptcy. Custom Blockbuster’s Bankruptcy Essay Writing Service || Blockbuster’s Bankruptcy Essay samples, help

Many economic experts are of the opinion that Blockbuster’s bankruptcy woe was a direct result of online video streaming. Online video streaming by two rival companies, Netflix and Redbox changed the whole economic chemistry of a company that was once the talk of the nation to mere rubble. Blockbuster did not take serious the effects of changing technology on its business operations. The online video streaming and mail order video renting adopted by Redbox and Netflix respectively reduced the costs incurred by consumers for every movie (De La Merced, 2010).

By adopting the online video streaming, the two companies avoided certain expenses which Blockbuster could not. For instance, the two companies did not require leases for stores since they both operated online within a small center. More so, online video streaming requires only few employees to keep operations running. Blockbuster with its traditional business methods was not able to cope with the new competition and had to continue to meet the heavy expenses of leases and employee salaries. These expenses were massive compared to the diminishing revenue into the company, hence plunging the company into bankruptcy (Filson, 2004).  

To come out of bankruptcy, Blockbuster first did the honorable thing of filling for bankruptcy status. Subsequently, the board and shareholders announced for the sale of the company through public auctioneering which attracted several investors. In the long run, the DISH Networks won the bid and bought the company at a whooping $320 million. These proceeds from the sale of the company helped the company to meet some of its debts which by 2010 was $900 million (Jin, 2007).

To further help put the company back to normalcy; Dish Network has adopted radical economic surgeries. One of those surgeries has been the closing of various stores that make the new company to incur more expenses. The closure of these stores also comes hand in hand with job cuts for many employees. These surgeries have the effect of reducing company expenditure, hence correcting company balance sheet (De La Merced, 2010). 

Blockbuster’s Bankruptcy. Custom Blockbuster’s Bankruptcy Essay Writing Service || Blockbuster’s Bankruptcy Essay samples, help

Order Now
Order nowhesitating

Related essays

  1. Appeals
  2. Construction Contract Law
  3. The History of Law
  4. The Meaning of ACTA


order now

 
 
3.6K
1.2K
Order now
Email
Password
 
why choose us
96% of satisfied returning customers
24/7 customer support
A wide range of services
Up-to-date sources
100% privacy guaranteed
MA/PhD writers
Custom written papers only
Free plagiarism report
Free revision (within 2 days)
Free extras by your request
Direct communication with a writer
faq
Are your writers qualified for the custom writing?
How quick can my order be accomplished?
Is it legal to buy custom essays, term papers or book reports from your company?
Are essays offered by your company truly custom-written?
Is it safe to buy from SupremeEssays.com?
How secure is the payment system of your company?
Can I submit custom essays or term papers done by your company as my own?
How can I contact your company if I've got problems with my ordered paper?
testimonials

Finally, I've found the real custom writing service . My grades are saying "Thank you, it's been a pleasure to work with you."

Jamal, South Africa

I can't believe you finished my essay under such a short deadline! You saved me from a disaster once again. You guys deliver exactly what you promise. I'll be back. That's for sure!

William H , Kansas, US

contact us
Toll free for US & Canada only. International callers are charged for outgoing calls.

Our phone numbers:
SupremeEssays.com provides custom term paper writing/rewriting services inclusive of research material for assistance purposes only. The term papers should be used with proper reference and are not meant to replace actual assignments.
 

Get 15% off your first custom essay order

Order now

PRICES
from $12.99/PAGE

X