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Struggling movie rental retailer Blockbuster Inc. said Thursday that its third-quarter loss surged more than fivefold as more consumers rented movies by mail or through competitors' vending kiosks instead of driving to its stores.
Blockbuster Inc. may close as many as 960 stores by the end of next year, shedding more dead weight as the struggling video rental chain tries to reverse its losses and fend off rapidly growing rivals Netflix Inc. and Redbox.
Shares of Blockbuster Inc. surged Monday after an analyst said the video rental company's decision to issue $340 million of senior notes should put to rest investor concerns about liquidity.
China's staid cultural commissars are turning to the likes of Jackie Chan and Jet Li, hoping that an injection of star power into a state-funded movie about the Communist revolution will attract young Chinese normally turned off by government propaganda.
Shares of Blockbuster Inc. jumped Friday after the chain said it sold Irish entertainment retailer Xtra-vision Ltd. in a deal valued at up to $45 million.
Blockbuster Inc. plans to offer movies that can be watched on Motorola Inc. cell phones. It marks the struggling rental company's first step into mobile video and is its latest effort at chasing down the customers who have abandoned its traditional video stores.
Blockbuster Inc. said Thursday its second-quarter loss narrowed as the struggling video rental chain cut costs amid declines in revenue.
Having been a step behind in the race to pipe entertainment from the Internet to TV screens, struggling video rental-chain Blockbuster Inc. is counting on a new partnership with Samsung Electronics America Inc. to regain ground on rival Netflix Inc.
Blockbuster Inc.'s first-quarter profit sagged as fewer people came to its stores to rent videos, though the long-slumping company softened the blow by whittling the size of its chain and shedding other expenses.
The struggling video rental chain Blockbuster Inc. is scheduled to report its first-quarter results after the stock market closes Thursday. The following is a summary of key developments and analyst opinion related to the period.
Movie rental company Blockbuster Inc. said Monday the risk that it may not complete financing deals raises "substantial doubt" about its ability to continue as a going concern.
Blockbuster Inc. said Friday that its revolving and term loan agreement has been amended, giving the struggling company some breathing room on its finances amid a deepening recession and increased competition.
Blockbuster Inc. plans to rent and sell its movies and TV shows through TiVo Inc.'s digital video recorders in the second half of this year.
Blockbuster Inc. suffered a fourth-quarter loss of $360 million to conclude another difficult year, but the struggling video rental chain has lined up critical financing to buy it more time to adapt to ever-fiercer competition from the Internet and cable services.
The troubled video rental chain Blockbuster Inc. is scheduled to report its fourth-quarter results after the stock market closes Thursday. The following is a summary of key developments and analyst opinion related to the period.
Blockbuster Inc. said Thursday that its fourth-quarter domestic same-store sales climbed 4.4 percent, as increased sales of games, game merchandise and consumer electronics offset a decline in movie rentals.
In the latest sign of retail trouble, Blockbuster Inc. said Tuesday it has brought in an outside law firm to rescue the long-slumping video store chain from a financial bind.
Blockbuster Inc. is stamping its brand on CinemaNow's system for delivering movies over the Internet, providing the video rental chain with another avenue for reaching consumers who want to rent and buy movies without traveling to a store.
Blockbuster Inc. will begin selling concert tickets at about 500 of its video rental stores, bolstering its effort to create a one-stop shop for entertainment.
Blockbuster Inc. will start renting movies and television shows through a new gadget that may give consumers another reason to bypass the struggling video chain's 7,500 stores.
Blockbuster Inc.'s second-quarter loss deepened, but the struggling movie rental chain showed some signs of progress by wringing more revenue from its stores while lowering its costs.
Blockbuster Inc. said Tuesday it is withdrawing its proposal to buy Circuit City Stores Inc., the big-box electronics retailer whose sales have tumbled this year.
Blockbuster Inc. unveiled a prototype of an in-store kiosk for downloading movies at its annual meeting on Wednesday, part of its plan to transform into more than just a DVD rental chain.
Blockbuster Inc. said Thursday it swung to a first-quarter profit on lower expenses and improved domestic sales, bolstering the movie rental company chairman's belief that a turnaround plan is working.
A Texas woman has sued Blockbuster Inc. alleging the video rental company transmitted her personal information to Facebook.com through the Web site's Beacon marketing program.
Blockbuster Renting Movies on SD CardsBlockbuster is piloting a new program that will load a DRM'd movie rentals onto an SD card from a kiosk.
Texas Woman Sues Facebook for Privacy Violations - Buying Home Computer | Business Solution | Networking Home Computers - FOXNews.comCathryn Harris found out after the fact that Facebook added a note every time she rented a movie from Blockbuster — a note that contained her full name and the name of the movie she was renting.
GameFly files further complaints against US Postal ServiceBack in April, video game rental service GameFly filed a formal complaint against the United States Postal Service for supposedly offering preferential treatment and care to Netflix and Blockbuster parcels, and none to its equally fragile mailers.
Apple, Google, others named in patent infringement suitResearch and development company Eolas Technologies has filed a lawsuit against over a dozen companies, including major technology businesses such as Apple, Adobe, Amazon, Google, eBay and Sun.
Blockbuster to stream video rentals on Samsung TVsHaving been a step behind in the race to pipe entertainment from the Internet to TV screens, struggling video rental-chain Blockbuster Inc. is counting on a new partnership with Samsung Electronics America Inc. to regain ground on rival Netflix Inc.
Blockbuster to stream rentals on Samsung TVsSamsung's next generation of HD TVs will include a built-in feature that will enable people to rent the latest DVD releases from Blockbuster with the press of a button on the remote.
March of the turkeysEach summer, the multiplexes spew out a succession of schlockbusters. These films take years to make, and cost millions - so why are they so dire?
Hey, money's tight right now. What movie would you recommend to your friends to avoid? And which one is a must see?
Where No Star Trek Film has Gone BeforeTo say that J.J. Abrams' reboot of Star Trek is the most anticipated film of the summer is beyond redundant at this point.
Blockbuster May Be Going BustThe folks at Blockbuster would really appreciate it if you'd pay your overdue late fees, renters. The company has warned it has "substantial doubt" about its ability to continue as a going concern.
Blockbuster Integrates OnDemand Service Into TiVoBlockbuster has announced that it will integrate its movie download service into TiVo DVRs in the US from the middle of this year.
Netflix To Charge 300% More For Blu-ray DiscsMany customers who currently pay $1 extra per month for HD discs will soon have to shell out $4 per month.
Blockbuster Online Secretly Reduces FeaturesBlockbuster Online has made another change to their terms of service as of March 1, 2009. Now in-store exchanges will count towards your 'disc-at-a-time' total.
Obama's Blockbuster gift for Brown: 25 classic filmsObama gives 25 DVD's to The Prime Minister of England!
Blockbuster ramping up in VOD spaceTaking a page from Netflix, Blockbuster is set to announce today a partnership with Sonic Solutions for building VOD capabilities into a variety of consumer electronics devices.
Leaks - New Year Honours 2009 This gap period between Christmas and New Year traditionally sees speculation on the forthcoming New Year Honours. However, this year, on 28 December, 2008 we are already reading apparent statements of fact.
Was YouTube Live a Success? That Depends.Excerpt: After much talk about experimenting with live streaming video, YouTube dipped its toe in the water on the weekend, with a much-hyped event (at least in blogosphere terms) called YouTube Live, featuring some of the "cewebrities" that have emerged on YouTube over the p …
Blockbuster Unveils AppleTV KillerBlockbuster will soon bring to market a set-top box that will deliver movies to customers via the Internet.
Blockbuster could release its own movie set-top-box In a move that's half baffling and half expected, the DVD rental company is reportedly looking to pump out a movie STB of its own for the holiday season.
See How Tyler Perry BeganTyler Perry is standing in the middle of what was once a life on the brink.
There Should NOT Be a Dark Knight SequelThe Dark Knight worked on so many levels as it easily moved from Batman Begins and into the Joker's narrative. It was as if the two films were made as one and like Empire Strikes Back and The Godfather Part II, The Dark Knight became a better film than its predecessor.
Will Smith To Play Pharoah Will Smith has his sights set on the lead role in "The Last Pharoah," a Columbia drama to be penned by "Braveheart" writer Randall Wallace and produced by Smith's Overbrook Entertainment. See more irresistible headlines
Can Blockbuster be saved?Once the leader in rentals and the place where practically everyone found time to stop after work and pick up a few movies, Blockbuster is now a shadow of its former self.
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