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News Digest
Blockbuster Brings Back 'Late Fees'
TVPredictions.com

Washington, D.C. (March 2, 2010) -- Blockbuster has reinstated late fees on DVD and Blu-ray movie rentals at retail stores, Home Media Magazine reports.

The web site says the fees began yesterday. New release movie rental periods for $4.99 titles has been cut from seven to five days; a $1 per day late fee will be assessed for up to 10 days after the deadline.

The late fee will also apply to one-day DVD and Blu-ray disc rentals.

Before the reinstatement of late fees, customers received a 10-day grace period and charged a $10 fee after that, the site said.

Read more below.

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Blockbuster, which had eliminated the controversial late fee policy in 2005, has been experiencing financial difficulties in the last few years due to increased competition from online services such as Netflix.

Also see:
Consumer Reports: 'Best Buys' For HDTVs

10 Best-Selling Blu-ray Movies!

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Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.

Click TVPredictions.com to read more news and features on TV technology. 

 
 
 
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