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.