Blockbuster Inc.

  1. Higher Netflix Prices Equals Fewer Subscribers, Lower Stocks

    September 16, 2011 7:45 AM EDT SAN FRANCISCO (AP) - Netflix's decision to raise prices by as much as 60 percent is turning into a horror show. The customer backlash against the higher rates, kicking in this month, has been much harsher than Netflix Inc. anticipated. That p ...

  2. Dish Network Acquiring Blockbuster for $228 Million

    April 06, 2011 7:11 AM EDT Dish Network Corp. said Wednesday that it won the auction for Blockbuster Inc. with a bid valued at $228 million in cash. As of Tuesday, the satellite TV company, billionaire investor Carl Icahn and a group of debt holders were the three remaining ...

  3. Circuit City To Liquidate Remaining US Stores

    January 16, 2009 12:00 AM EST Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it had run out of options and will be forced to liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of th ...

  4. Paramount To Drop Blu-Ray

    August 20, 2007 12:00 AM EDT Paramount Pictures and DreamWorks Animation SKG Inc. will offer next-generation DVDs in the HD DVD format and drop support for Blu-ray, further complicating the race between the competing technologies. Monday's announcement affects the upcomi ...

  5. Netflix Offers $1 Million Reward

    October 02, 2006 12:00 AM EDT Wants recommendations on how to improve. Online DVD rental pioneer Netflix Inc. wants recommendations on how to improve its movie-recommendation system so badly that it's dangling a $1 million reward as an incentive. The prize, offered in a c ...

  6. Netflix Sinks On Slow Guidance

    July 25, 2006 12:00 AM EDT Shares of online DVD rental pioneer Netflix Inc. plunged more than 20% in after-hours trading Monday (July 24) after the company reported earnings that topped estimates, but offered guidance that disa Shares of online DVD rental pioneer Netflix In ...

  7. Blockbuster Files Antitrust Claims Against Netflix

    June 14, 2006 12:00 AM EDT Netflix sued Blockbuster in an April lawsuit. Blockbuster Inc., North America's largest video rental chain, on Tuesday (June 13) said it filed antitrust counterclaims in a San Francisco federal lawsuit brought by Netflix Inc., an online DVD r ...

  8. Netflix Settlement OK'd

    May 03, 2006 12:00 AM EDT Company to offer a free month to 5.5 million subs. A judge has approved a class-action settlement requiring Netflix Inc. to offer a free month of DVDs to 5.5 million current and former subscribers, resolving a case that prompted the online rental ...

  9. First Look Buys Blockbuster Unit

    November 15, 2005 12:00 AM EST Video rental chain Blockbuster Inc. is ridding itself of its film acquisition and distribution subsidiary. (The Hollywood Reporter) -- Video rental chain Blockbuster Inc. is ridding itself of its film acquisition and distribution subsidiary. The c ...

  10. Blockbuster Settles Over 'No Late Fees'

    April 05, 2005 12:00 AM EDT Blockbuster Inc. has agreed to pay about $630,000 to settle claims by 47 states and the District of Columbia that the nation's biggest movie rental chain deceived consumers with its "No Late Fees" cam PORTLAND, Ore. (AP) -- Blockbus ...

  11. Blockbuster Settles Over 'No Late Fees'

    March 29, 2005 12:00 AM EST Blockbuster Inc. has agreed to pay about $630,000 to settle claims by 47 states and the District of Columbia that the nation's biggest movie rental chain deceived consumers with its "No Late Fees" cam PORTLAND, Ore. (AP) -- Blockbus ...

  12. Ex-Hollywood CEO Supports B'Buster Bid

    March 23, 2005 12:00 AM EST Wattles looking to buy Hollywood stores. Blockbuster's bid to take over rival rental chain Hollywood Video has gained the support of Hollywood's former CEO, Mark Wattles. In a letter sent Monday (March 21) to Blockbuster and to Hollywood ...

  13. FTC to Oppose Blockbuster Bid For Hollywood

    March 16, 2005 12:00 AM EST Sources: Deal thought to hamper competition. WASHINGTON (Reuters) - Staff of the U.S. Federal Trade Commission plan to recommend that the agency block Blockbuster Inc.'s hostile bid to buy Hollywood Entertainment Corp., sources close to the c ...

  14. Blockbuster Posts Small Q4 Profit

    March 09, 2005 12:00 AM EST Blockbuster Inc. reported today (March 9) that total revenues for the fourth quarter increased 6.3% to $1.72 billion, compared to $1.62 billion in the same period the year before. The company posted a Blockbuster Inc. reported today (March 9) that ...

  15. FTC Wants B'buster Deal Frozen

    March 08, 2005 12:00 AM EST Blockbuster Inc.'s play for rival Hollywood Entertainment was dealt another blow March 4 as the Federal Trade Commission said the video rental giant has provided "insufficient and inaccurate" informat NEW YORK (The Hollywood Reporte ...

  16. Eisen Upped To CinemaNow Prez

    February 22, 2005 12:00 AM EST CinemaNow has promoted to president Bruce Eisen, who acknowledged Feb. 16 that one of his goals is to groom the broadband video-on-demand company for an initial public offering. (The Hollywood Reporter) -- CinemaNow has promoted to president Bruce ...

  17. NJ Sues Blockbuster Over Late Fees Policy

    February 22, 2005 12:00 AM EST New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. LOS ANGELES -- New Jersey Attorney Ge ...

  18. Hollywood Ent. Board Rejects Blockbuster

    February 22, 2005 12:00 AM EST Hollywood Entertainment's board of directors unanimously rejected a bid to be acquired by Blockbuster Inc., recommending instead that shareholders approve a merger with rival video store chain Movie G (The Hollywood Reporter) -- Hollywood Ent ...

  19. NJ Sues Blockbuster Over Late Fees Policy

    February 18, 2005 12:00 AM EST New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. New Jersey Attorney General Peter C. ...

  20. NJ Sues Blockbuster Over Late Fees Policy

    February 18, 2005 12:00 AM EST Suit claims consumer fraud. New Jersey Attorney General Peter C. Harvey filed a lawsuit Feb. 18 against Blockbuster Inc., claiming that the rental chain's "no late fees" policy violates the state's Consumer Fraud Act. The suit, ...

  21. Hollywood OKs $850M Movie Gallery Buyout

    January 11, 2005 12:00 AM EST Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the indus (AP) -- Video rental giant Hollywood Entertain ...

  22. Hollywood OKs $850M Movie Gallery Buyout

    January 10, 2005 12:00 AM EST Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the indus Video rental giant Hollywood Entertainment Cor ...

  23. Blockbuster Steps Up Action To Buy Hollywood

    January 04, 2005 12:00 AM EST Blockbuster Inc. intends to acquire rival rental chain Hollywood by mid-January if it does not obtain cooperation from Hollywood's board of directors, the company said on Dec. 28. It will launch a cas LOS ANGELES -- Blockbuster Inc. intends t ...

  24. Blockbuster Steps Up Action To Buy Hollywood

    December 28, 2004 12:00 AM EST Blockbuster Inc. said today (Dec. 28) that it intends to acquire rival rental chain Hollywood by mid-January if it does not obtain cooperation from Hollywood's board of directors. Blockbuster Inc. said today (Dec. 28) that it intends to acqui ...

  25. Blockbuster Looking To Buy Hollywood

    November 11, 2004 12:00 AM EST Blockbuster Inc. has offered $700 million for rival Hollywood Entertainment Corp. in a deal that would extend Blockbuster's position as the world's largest movie rental company. Blockbuster Inc. has offered $700 million for rival Hollywo ...

  26. Blockbuster Vows To Go After Netflix

    July 21, 2004 12:00 AM EDT Blockbuster Inc. chairman/CEO John Antioco promised shareholders yesterday (July 20) that the video-rental giant will take the fight to online rental rival Netflix Inc. when it launches its own Intern Blockbuster Inc. chairman/CEO John Antioco pro ...

  27. Sony, BMG To Defend Merger Plans Before EC

    June 14, 2004 12:00 AM EDT Top executives from Sony Music and BMG will take center stage in Brussels this week for the European Commission's oral hearing on the proposed merger of the companies. The June 14-15 hearing with the Sony, BMG To Defend Merger Plans Before EC ...

  28. Hollywood Entertainment Agrees to Buyout

    March 29, 2004 12:00 AM EST Hollywood Entertainment Corp. says a management-led buyout group will acquire the company for about $890 million, taking the No. 2 U.S. video-rental chain private even as its top competitor prepares f Hollywood Entertainment Corp. says a managemen ...

  29. Hollywood Entertainment Agrees to Buyout

    March 29, 2004 12:00 AM EST Hollywood Entertainment Corp. says a management-led buyout group will acquire the company for about $890 million, taking the No. 2 U.S. video-rental chain private even as its top competitor prepares f Hollywood Entertainment Corp. says a managemen ...