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Blockbuster Getting Rid Of Late Fees

You'll get a one week grace period on Blockbuster rentals. That's the good news. The bad news is that if you go past one week past the due date, you're now buying the movie, and will be charged a small "restocking fee" if you do finally bring it back (no word on what that fee will actually be). Good commentary at Ars and SEB.

Considering the amount of money Blockbuster makes from late fees ($300-million or so) every year, this is quite the gamble, but if they're assuming that Blockbuster renters are lazy folks, then this could be quite lucrative for them.

Posted by Jake on 12/14/04 @ 05:23 PM
Posted in Cool | 1 Comment | Permalink



1 Comment

Dean said on 02/12/05 @ 08:20 AM:
Did you see the Reuters story about the No More Late Fees investigations some states are doing. I link to the article through my blog. Check it out. Very interesting!

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