A Blockbuster representative stated that piracy can be blamed as the biggest factor in the closing. In a part of the world where pirated DVDs can be purchased on the corner for $1 instead of rented at Blockbuster for easily double the price, its no wonder they closed down. Blockbuster executives confirmed that their Peruvian presence is gone and they have no plans in the future for additional developments within the country.
Source:
Reuters
Written by: Dave Horvath @ 4 Jan 2007 6:24