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Netflix’s latest Blockbuster is a mix of nostalgia and reality

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Blockbuster once had over 9,000 stores, but streaming services like Netflix led to a rapid decline in business

Do you remember the smell of a video store? The fully-stocked shelves boasting the week’s newest releases, which were a haven for film and TV buffs.

Blockbuster was a stalwart in the video-retail space. However, the chain went from a corporation of 9,024 stores in 2004 to one remaining store.

The last Blockbuster store is located in Oregon, and has become a novelty for passers-by and locals.

Today, the store has become the subject of Netflix’s latest series, Blockbuster.

The show is an office-humour sitcom, which gives viewers a glimpse into the last remaining Blockbuster.

It follows a hardworking manager, who is fighting to keep his video store open and staff happy.

But the store and its employees are facing competition and complicated feelings towards their job.

Melissa Fumero and Randall Park star in Netflix’s new series.

The shows’ executive producer, Vanessa Ramos said she liked the concept of using the Blockbuster example but also wanted to “build our own little world”.

“There was a Blockbuster by my house and on Fridays, once my dad got home from work, we would go as a family and we would pick three movies,” she said.

Ramos has worked on other successful Netflix series, including Brooklyn Nine-Nine and Superstore.

Does Blockbuster still exist?

There is one remaining Blockbuster store, which is located in Oregon.

The store was opened in 1992 before it rebranded to Blockbuster in 2000. Today, loyal customers and passers-by can rent their favourite movies, shows and video games.

“Before we became the last one, it definitely was more just loyal local customers,” said Sandi Harding, who is the last remaining Blockbuster manager.

“In July, when we became the one store left, everyone started coming here and visiting from all over the world and there was more nostalgia to it,” she told the U.S. Today Show.

The store has also become a popular tourist attraction. Avid film enthusiasts can even use the store as an Airbnb.

The store was decked out with a bed, free snacks and, of course, a large TV.

“It was a challenge to find that chunky TV,” Harding told CNN.

The world’s last Blockbuster Is now listed on Airbnb.

The staycation was a popular choice for people when Covid-19 gripped the U.S. in 2020.

“It’s only $4 for the night, a penny more than what you would spend for a new release.”

“They can just enjoy their evening, enjoy pizza and popcorn and just have a blast,” Harding said.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

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Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.


Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

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Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.


All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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Commodities surge as oil volatility and metals hit record highs

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

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Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.

Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.

To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.

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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews


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