From DSC:
I have a saying that folks who know me well have heard me say it too many times…and that is, “We don’t want to be the Blockbuster of higher ed.”
Why do I say something like that? Check out this article:
Blockbuster Wants $250 Million More to Escape Bankruptcy: Can It Be Saved?
Excerpt:
No other company faces this issue more than Blockbuster, the struggling rental chain, which the Wall Street Journal today reported is struggling even more than expected. After filing for Chapter 11 protection in September, the company is asking bondholders for an extra $200 million to $250 million, due to poor holiday performance and underestimated costs for exiting bankruptcy protection.
But the central reason for Blockbuster’s struggles, both now and before bankruptcy, is its difficulties transitioning its bricks-and-mortar business to digital delivery.
From DSC:
Blockbuster blissfully discarded any impact that the Internet might have on their business. Next thing you know, they got broad-sided. This is why I think peering into the future and taking a pulse check on a variety of items is critical in today’s environment.