Tag: BLOCKBUSTER

Dish Network has agreed to buy Blockbuster more than six months after the movie rental chain filed for Chapter 11 bankruptcy. Dish "won" a bankruptcy court auction for the company, with a winning bid of $320 million, although negotiations pushed the final price down to a paltry $228 million. Tom Cullen, Dish Network's executive vice president of sales, marketing and programming, says his goal is ...

It's no secret, or surprise, that subscription-based DVD rental services like Netflix are eating up the market share of retail outlets like Blockbuster. In the third quarter of 2010, subscription plans accounted for 41-percent of DVD rentals, while in-store transactions only accounted for 27-percent. What is slightly shocking is that, according to NPD, rental kiosks (like Redbox) outperformed ...

It hardly comes as a surprise, but the big news this morning was Blockbuster filing for Chapter 11 bankruptcy. Under the arrangement, the failing video rental outlet would cut its debt from $1 billion to $100 million. Nothing is official, but it's expected that as many as 1,000 of the remaining 3,000 stores could be shuttered by year's end. ...

Blockbuster is bankrupt! Or, it will be come September, when the company plans to file Chapter 11 (which, for all you legal-phobes, means the company will financially restructure). Under a looming $920 million debt, the chain will close at least 500 stores, and focus instead on DVD kiosks and online distribution. Luckily, Blockbuster's still got an edge on studio releases over Netflix and Redbox. ...

If you happened to buy a new Droid X yesterday, you may have noticed a couple of apps from Blockbuster and Electronic Arts pre-installed on your device. No, you didn't ask for them, but Motorola and its T-Mobile Verizon carrier thought you might like them. The Blockbuster app provides a map of local retailers and allows users to download films from the company's catalog. Good luck trying to ...

Highlights from this morning's other big tech headlines.... Impatient Apple fan-boys may finally be getting new MacBook Pros. Four new model numbers have shown up in the inventory systems for retailer Microcenter. Prices don't appear to have changed, but expect them to come packing those fancy new Core i5 and Core i7 processors. [From: Engadget] Microsoft apparently can't be bothered to ...

In the VHS days, rental versions of movies were usually saddled with preview after preview that you'd have to fast-forward through before getting to the main event -- a small penalty for not having to pay full-price to watch it. With the advent of the DVD, and now high-def Blu-ray discs, you're usually just a button-press away from the film itself. Increasingly, however, the real attraction of ...

Even we would agree that digital downloads aren't apt to siphon away a significant amount of physical media market share in the immediate future, but a recent survey conducted by CinemaNow (read: your skeptic hat should now be firmly in place) suggests that the vast majority of Americans feel otherwise. As a matter of fact, 87% of those surveyed agreed that "renting DVDs at the video store or ...

Blockbuster hasn't purchased Circuit City yet, but that's not stopping it from trying out the electronics retail market. The company's running several different kinds of test stores in the Dallas area, one of which offers technology for watching movies, like new HDTVs. According to the CEO, this effort is separate from the proposed CC buy, and includes test stores that open early so people can ...

Last year Facebook put an embarrassing cap on an otherwise stellar year -- one in which it got $240 million in funding from Microsoft -- by tripping and falling on its face with the whole Beacon advertising fiasco. Facebook is still smarting, and now Blockbuster is, too, for its part, on the receiving end of a lawsuit for exposing personal information through the service. In November, Facebook ...

Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of this morning, Circuit City has not provided the requested due diligence necessary to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. It's even gone so far as to publish an open letter from Blockbuster ...

Rumors are swirling that Blockbuster is getting ready to take a major risk by entering the set-top box market with a streaming video player. This a move that others have speculated that Netflix would make, though there has been little public information about the project. The box would be an off-shoot of Blockbuster's Movielink service, which the video rental company has failed to fully ...

Last month when Netflix decided to offer unlimited streaming of its online movies, rumors started swirling of partnerships with Microsoft and Sony video game consoles to keep the service ahead of new competition from iTunes. Now we have some potential details culled from a Netflix survey that shed some light on just how streaming movies to consoles would work. According to the blogger, the survey ...

As if Blockbuster wasn't suffering enough at the hands of Netflix, Apple's announcement of movie rentals was like rubbing salt in an open wound. Following the announcement, Blockbuster stock prices fell 54 cents, or 16.7 percent to end the day at $2.69. Netflix prices also dropped, but only 3.2 percent. Blockbuster has been struggling to compete with Netflix mail order rentals and online content ...

It seems as if 'The War' is finally over. Sadly the 'War' we're referring to is not the one in Iraq, or even the HD-DVD vs. Blu-Ray war. Valleywag is ready to declare a winner in the Netflix / Blockbuster face off, and we can't say we disagree. According to web analytics firm Compete, by the end of October, Netflix was attracting four times as many unique visitors a month as Blockbuster. Since ...