Blockbuster LLC

  1. Blockbuster to Close Remaining 300 Stores in U.S.

    November 07, 2013 5:51 AM EST What's left of Blockbuster's company-owned storefronts in the United States will be shuttered by early 2014.  On Wednesday, Dish Network said that the formerly dominant video rental retailer will close its roughly 300 stores and distri ...

  2. Redbox Gets The Ticket

    October 15, 2012 6:18 AM EDT DVD rental specialist diversifies, bringing ticketing to where consumers spend their time and money: the local store. Redbox, with its ubiquitous DVD rental kiosks, is entering the ticketing game, beginning in Philadelphia with tickets available ...

  3. Verizon To Launch Streaming Service With Redbox, Challenge To Netflix

    February 07, 2012 7:00 AM EST NEW YORK (AP) - Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks. Verizon and Coinstar Inc., Redbox's parent company, said Monday that the ser ...

  4. 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 ...

  5. Beyond Netflix: Where Else To Get Your Flick Fix

    July 14, 2011 7:30 AM EDT NEW YORK (AP) - Even with a fee hike, millions of Netflix subscribers will be spending less each month than what it costs two adults to watch a single movie in a theater. Yet the company, which is usually well-liked, managed to irk many of its 23 ...

  6. YouTube Adds 3,000 Movies for Rental Debut

    May 09, 2011 1:30 PM EDT YouTube is adding more than 3,000 movies for its users to rent starting on Monday, along with the millions of free user-created videos the popular website is best known for. Google Inc-owned YouTube is offering a mix of older Hollywood blockbuster ...

  7. What the Music Business Can Learn From Netflix's Success

    April 26, 2011 12:39 PM EDT If the record industry wants music subscription services to become mainstream products, it should pay close attention to the factors behind growth at Netflix. In the first quarter of 2011 , the online video rental service added 3.6 million subscri ...

  8. Google Report on DVD's Decline, Not Death

    April 22, 2011 2:09 PM EDT Google can tell consumer interest in DVDs is waning because of how people use its search engine. DVD-related search terms have been on the decline at Google since late 2008 while Netflix has constantly grown. And that decline in search terms mirro ...

  9. Dish Network to Keep 600 Blockbuster Stores Open: Report

    April 19, 2011 7:00 AM EDT Dish Network, which recent won approval from a bankruptcy court judge to acquire Blockbuster for $320 million, plan to keep 600 of the movie-rental chain's stores open, the Dallas Morning News reported. The satellite TV provider said in a Sat ...

  10. 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 ...

  11. Netflix Data on Customer Viewing Habits Sparks Class Action Lawsuit

    March 17, 2011 7:35 AM EDT Netflix is contending with a new class action lawsuit that alleges the streaming service violates customer privacy by retaining viewing and payment records even after a customer cancels his or her service. Peter Comstock, a Virginia resident, file ...

  12. Blockbuster To File For Bankruptcy This Week

    September 22, 2010 12:00 AM EDT Video rental giant Blockbuster is expected to file for Chapter 11 bankruptcy protection as early as today, the Wall Street Journal reported Wednesday, citing sources. Investor Carl Icahn, who owns about a third of the firm's senior debt, is p ...

  13. New Owner For Australian Distributor Stomp

    August 20, 2010 12:00 AM EDT Stomp Entertainment, one of Australia's leading independent distributors, has changed hands. Stomp was acquired Aug. 13 by Surrealus, a new company owned by Paul Uniacke and Edward Nedelko, directors of Franchise Entertainment Group. In a sta ...

  14. 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 ...

  15. Live Nation, Blockbuster Ink Ticket Deal

    December 02, 2008 12:00 AM EST Live Nation has signed a three-year deal with Blockbuster whereby the latter will be the exclusive physical retail ticket outlet for Live Nation Ticketing, Live Nation's new in-house ticketing company, beginning with the start of the 2009 con ...

  16. Circuit City To Shut 155 Stores

    November 04, 2008 12:00 AM EST Circuit City Stores Inc said it would close 155 U.S. stores and was considering all options to restructure in the face of a deteriorating cash position and tighter credit terms from vendors. The store closures will help to give the No. 2 U.S. cons ...

  17. Dods AWOL As NZ's Sounds Goes Into Liquidation

    January 31, 2008 12:00 AM EST As expected, the company behind New Zealand's largest specialist music chain was formally placed in liquidation today (Jan. 31), with the majority of creditors unlikely to see any of NZ$25 million ($19 million)-plus owed. At a watershed meeti ...

  18. NZ Retailer Prepares To Sound-Off

    January 23, 2008 12:00 AM EST Liquidation is looming for New Zealand's largest specialty music retailer Sounds, with the administrators of its parent company recommending it be wound-up. In a report issued today (January 23), administrator BDO Spicers recommends that the ...

  19. NZ's Sounds Music Enters Into Administration

    November 21, 2007 12:00 AM EST The owner of New Zealand's biggest specialist chain Sounds Music has gone into voluntary administration. After months of industry speculation about the fate of the group, BDO Spicers have today been appointed administrator of Icon Digital Ent ...

  20. Napster Names COO

    August 03, 2007 12:00 AM EDT Napster has hired Christopher Allen as its new COO, replacing Laura Goldberg, who is leaving the company. Allen was most recently VP of product strategy, design and marketing for Blockbuster Online. He held similar titles at Yahoo Music and MusicM ...

  21. Blockbuster's Napleton Joins HMV

    July 30, 2007 12:00 AM EDT U.K.-based music and entertainment giant HMV has recruited Blockbuster executive Steve Napleton to the new role as supply chain director, with effect from October 2007. Napleton also joins HMV's board of directors. "Steve comes with a we ...

  22. Optical Discs Seized In Aussie Raid

    March 22, 2007 12:00 AM EDT About 5,000 optical discs were confiscated in a raid Wednesday on an alleged illegal facility operating in the town of Ballina, on the northern New South Wales coast. Among the discs seized were copies of U2, Madonna and Robbie Williams CDs; illic ...

  23. 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 ...

  24. Blockbuster Sounds Out NZ Market

    September 13, 2006 12:00 AM EDT A major new force in home entertainment retailing has emerged in New Zealand. The territory's master franchisee for Blockbuster has acquired the country's biggest specialist music retailer Sounds. A major new force in home entertainment ...

  25. Blockbuster Sounds Out NZ Market

    September 13, 2006 12:00 AM EDT U.S. home entertainment giant makes its move. A major new force in home entertainment retailing has emerged in New Zealand. The territory's master franchisee for Blockbuster has acquired the country's biggest specialist music retailer So ...

  26. 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 ...

  27. 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 ...

  28. 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 ...

  29. Blockbuster To Cut 300 Jobs

    February 08, 2006 12:00 AM EST Rental giant Blockbuster today (Feb. 8) laid out plans to eliminate 300 jobs at its corporate headquarters in Dallas and McKinney, Texas. Rental giant Blockbuster today (Feb. 8) laid out plans to eliminate 300 jobs at its corporate headquarters in ...

  30. Blockbuster, N.J. Settle Over 'No Late Fees'

    January 10, 2006 12:00 AM EST Blockbuster will pay more than $140,000 to customers and the state of New Jersey in a settlement over its 'No Late Fees' program. Blockbuster will pay more than $140,000 to customers and the “state of New Jersey in a settlement over its ...

  31. Blockbuster Stores Differ On Fee Policy

    December 15, 2005 12:00 AM EST 'No Late Fees' discontinued at 150 locations. Blockbuster’s “No Late Fees” program is being discontinued at some of its franchise locations in the South. It is believed that about 150 Blockbuster-owned rental stores in Alabama, Arkansas, ...

  32. DVD Subscription Model On Fast Track In Europe

    November 29, 2005 12:00 AM EST More than half of the United Kingdom's video rental transactions and rental spending will be delivered via Netflix-style online services by 2009, according to a new report from analysts Screen Digest. LONDON (The Hollywood Reporter) -- More t ...

  33. 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 ...

  34. 'Big Blue' In Big Trouble

    November 09, 2005 12:00 AM EST Blockbuster says it intends to reduce its costs by more than $100 million next year and an additional $50 million 2007. Blockbuster says it intends to reduce its costs by more than $100 million next year and an additional $50 million 2007. The com ...

  35. Blockbuster Earnings Down In Second Quarter

    August 09, 2005 12:00 AM EDT Rental chain reports $57.2 million net loss. Blockbuster today (Aug. 9) reports a $57.2 million net loss and a 1.6% total revenue decrease for the second quarter. The rental chain's stock fell about 10% to $7.22, from $8.01 at the end of Mond ...

  36. Report: Home Video Watchers Rampant

    July 25, 2005 12:00 AM EDT The Video Software Dealers Assoc. released a report today (July 25) revealing that more people view the latest movies on home video than on any other medium. The Video Software Dealers Assoc. released a report today (July 25) revealing that more p ...

  37. CinemaNow Launches New Web Site

    July 19, 2005 12:00 AM EDT Features include expanded search functions. Online video-on-demand service CinemaNow launched a new version of its Web site today (July 19). Updates to the service include a dedicated area for content for portable media devices, a new music video ...

  38. Movie Gallery To Close 51 Game Crazy Stores

    June 23, 2005 12:00 AM EDT Rental chain appoints new executive VP/CFO. Rental chain Movie Gallery, second in size to Blockbuster after recently acquiring Hollywood Entertainment, will be closing 51 of Hollywood's Game Crazy video game stores by the end of this month. A ...

  39. Netflix Takes Over Wal-Mart DVD Rentals

    May 24, 2005 12:00 AM EDT Wal-Mart Stores is handing off its online DVD rental business to Netflix, signaling the world's largest retailer couldn't beat the Internet upstart at its own game. SAN FRANCISCO (AP) -- Wal-Mart Stores is handing off its online DVD rent ...

  40. Case Summary: Contractual Waiver of Jury Trial

    May 17, 2005 12:00 AM EDT Many contracts include a provision stating that the parties agree to waive their right to a jury trial if they later end up in a dispute over the contract. Not every state court enforces this right, h Many contracts include a provision stating tha ...

  41. Blockbuster Reports $57.5 Million Net Loss

    May 17, 2005 12:00 AM EDT Blockbuster is reporting a $57.5 million net loss for the first quarter of the year. LOS ANGELES -- Blockbuster is reporting a $57.5 million net loss for the first quarter of the year. The company says that the primary culprits were costs relating ...

  42. Case Summary: Contractual Waiver of Jury Trial

    May 10, 2005 12:00 AM EDT Many contracts include a provision stating that the parties agree to waive their right to a jury trial if they later end up in a dispute over the contract. Not every state court enforces this right, h Many contracts include a provision stating tha ...

  43. Blockbuster Reports $57.5 Million Net Loss

    May 05, 2005 12:00 AM EDT Company cites "No Late Fees" program as a culprit. Blockbuster is reporting a $57.5 million net loss for the first quarter of the year. The company says that the primary culprits were costs relating to the "No Late Fees" progra ...

  44. Hollywood Shareholders Approve Movie Gallery Merger

    April 26, 2005 12:00 AM EDT Hollywood Entertainment Corp. announced April 22 that its shareholders have officially approved a merger with fellow rental chain Movie Gallery. LOS ANGELES -- Hollywood Entertainment Corp. announced April 22 that its shareholders have officially ...

  45. Hollywood Approves Movie Gallery Merger

    April 22, 2005 12:00 AM EDT Hollywood Entertainment Corp. announced today (April 22) that its shareholders have officially approved a merger with fellow rental chain Movie Gallery. Hollywood Entertainment Corp. announced today (April 22) that its shareholders have officially ...

  46. Icahn: Blockbuster Made 'Grave Error' With Hollywood

    April 12, 2005 12:00 AM EDT Famed financier Carl Icahn, the largest individual holder of Blockbuster shares, blasted management at the nation's leading video rental chain for its botched attempt at a hostile takeover of Hollywoo Famed financier Carl Icahn, the largest i ...

  47. 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 ...

  48. Blockbuster Mulls Layoffs

    March 31, 2005 12:00 AM EST Up to 300 Blockbuster employees may be losing their jobs. According to public reports, the potential layoffs are a result of cost-cutting efforts. Up to 300 Blockbuster employees may be losing their jobs. According to public reports, the potential ...

  49. 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 ...

  50. Blockbuster Drops Hollywood Bid

    March 29, 2005 12:00 AM EST Blockbuster has backed out of its proposed takeover of Hollywood Entertainment. LOS ANGELES -- Blockbuster has backed out of its proposed takeover of Hollywood Entertainment. In an announcement on March 25, Blockbuster said that its $14.50-per-sha ...

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