We’ve almost entirely switched over to Netflix now but occasionally we need to pick up a movie at Blockbuster – like when Rose finishes a Harry Potter book and wants to watch the movie that weekend.
I loved it when they went to no late fees because as my library will tell you I’m always late returning things.
However, Yahoo Finance reports that the company is bleeding so much money, it is going back to charging the late fees starting this week. Here is the structure of the late fees according to Yahoo:
“• Starting this week, customers will be charged $5 for a five-day movie rental. Previously, customers were allowed to keep each rental for seven days.
• If the customer returns the movie late, they’ll be charged $1 per day until it’s returned, up to a maximum of 10 days.
• If the customer still hasn’t returned the movie by the 15th day, they’ll be charged the full price of the DVD, which could range from $29.99 on the high end for newly released Blu-ray discs, to just a few bucks on the low end for a DVD on the clearance rack.
• If the movie is returned within 30 days, the customer will receive a store credit equal to the price of the movie they were charged for, minus $10 in late fees. So if the customer was charged $19.99 for a replacement DVD, they’ll have $9.99 credited to their Blockbuster account.”
Are you still going to Blockbuster? Are you using Netflix or some other type of mail away service? Do you often keep your movies over? Will you still use Blockbuster knowing there will be late fees again?