Analyst: Weakening Economy Helps Blockbuster31 Jan, 2008 By: Erik Gruenwedel
Concerns about the economy could benefit home video rental services, including Blockbuster Inc., said Arvind Bhatia, media analyst with Sterne, Agee & Leach in Dallas.
Speaking online at WallSt.net, Bhatia said Dallas-based Blockbuster could benefit in a weakening economy as consumers increasingly opt to stay home for their entertainment needs.
“Home video rentals are a cheap form of home entertainment versus going to a movie theater that would be a $50-to-$75 cost for a family,” Bhatia said. “Blockbuster is just $4.99.”