All Entries Tagged With: "blockbuster"
Blockbuster Files For Bankruptcy
Blockbuster has filed for Chapter 11 bankruptcy, listing assets of $1.02 billion against debt of $1.46 billion. Is that all? Blockbuster also says it has reached a deal with a group of bondholders on a reorganization plan and secured $125 million loan to finance operations. Apparently the U.S. operations will continue normal business while in [...]
Is YouTube a New Contender?
With NetFlix, Blockbuster & Hulu battling it out, is a new YouTube contender in the digital movie and TV market? When YouTube started rolling out TV shows and classic movies last year, people wondered what their next move would be. YouTube Movies just opened and it has hundreds of movies loading up as we speak.
Blockbuster Please Give UP
“Obviously in the long-term, it will all be digital,” said Kevin Lewis, head of Blockbuster’s digital strategy. “The future is streaming,” said Steve Swasey, Netflix’s VP of corporate communications. For both Blockbuster and Netflix, the future is digital. Blockbuster’s brick-and-mortar business is costing them serious cash, and its stores are rapidly shutting down. When did you [...]
10 Brands That May Disappear
24/7 Wall St. compiles a report of brands that are likely to disappear in the near-term. To qualify, it’s expected that the brand will be gone by the end of 2011, or for its parent to be sold or go into Chapter 11. Blockbuster: was the national leader in the video rental business for nearly two [...]
Warner Block Netflix
This is a CRAZY Story. Blockbuster announced this morning that it had signed a new deal with Warner Brothers to provide immediate availability of new Blue-ray & DVD titles from the studio. Huge slap in the face to Netflix. Are Warners crazy? But this isn’t just an ordinary run of the mill licensing deal. This agreement [...]
