Blockbuster profit and revenue sag; stock dives

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.

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Blockbuster 2Q loss deepens despite sales progress

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.

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ALL BUSINESS: Blockbuster's Bonus Battle

No wonder Blockbuster Inc.'s CEO is upset. Instead of rubber stamping a fat incentive-based bonus to him, the movie-rental chain's board decided to trim it big time.

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Paramount Pictures is lurching onto the Web with its "Jackass" franchise, with what it says will be the first studio-backed feature film to have its premiere online.

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Shunning low-cost call centers and e-mail-based service, Netflix is hoping to use customer service as a strategic weapon against Blockbuster's rival DVD-mailing service.

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