Limited downside and a great upside in this economy. People are more inclined to stay home and rent a movie. In addition the stock has not recovered since dropping the CC bid which may mean that they will go after CC again at a lower price
Blockbuster Inc, which abandoned its offer to buy Circuit City Stores Inc this week, may try to acquire the electronics retailer later, the New York Post said Thursday citing insiders.
One source told the paper that Blockbuster "verified the long-term benefits of a deal," and added that a there was a "real opportunity" to cut costs in combining the two chains' operations.
"Management didn't really put its case in front of shareholders yet," the source told the paper.
The video-rental company in April disclosed that it had offered to buy Circuit City in February for $6 to
Blockbuster, Inc., together with its subsidiaries, operates and franchises entertainment-related stores in the United States and internationally. It offers pre-recorded videos, as well as video games for in-store rental, sale and trade, and also sells other entertainment-related merchandise. The company also offers rental and retail movie entertainment through the Internet and by mail in the United States. Blockbuster, Inc. operates its stores under the BLOCKBUSTER brand name. The company also operates stores under the XTRA-VISION brand name in the Republic of Ireland and Northern Ireland, ...
We'll be able to put the same capability into a Blu-ray player. We'll go into DVRs (digital video recorders), game consoles, etc., just as others are doing to make the same capability available through other devices.
Smart (if obvious) strategy, but Blockbuster is about a year behind Netflix (NFLX), which already has deals to build its streaming service into Samsung and LG Blu-ray players, Microsoft (MS
Blockbuster (BBI) joins the on-demand movie rental/set-top box battle: Today it started offering a $99 box by 2Wire that hooks up to your TV and home Internet connection for Internet-based movie rentals.
Sounds like a decent, cheap Christmas present. And -- bonus -- it has a built-in retail distribution presence.
But there's a few big questions: What will Blockbuster's content library look like? And why would someone pick Blockbuster's box over an ever-increasing number of competitors?
In its press release, Blockbuster touts movies like "Forgetting Sarah Marshall," "Get Smart," "Sisterhood of
Blockbuster (NYSE: BBI) is the latest company in the world. It was late to get into the business of sending DVDs in the mail and got murdered by NetFlix (NASDAQ: NFLX). It was late to the VOD market and took a beating from cable companies, Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN), among others.
Now, the video rental outfit plans to come out with a TV set-top box. Perhaps that can sit on top of the cable box, the DVD player, and the PC hook-up -- all of which sitting o
Over the past 23 years, Blockbuster, Inc. (BBI) has made a lot of money by renting and selling Hollywood dramas.But the financial drama that the company is involved in now is surely one that its executives, employees and investors would rather not see.
The 10-Q filed last Friday noted that the stock is trading at a historic low (it’s at $0.96 a share at the moment) and said that if the price per share doesn’t increase soon, the company may have to recognize a non-cash impairment charge.
Blockbuster is trying to re-invent itself on several fronts. It’s got its own movies-by-mail program (to
NFLX: long term outlook?
- Yes, Netflix has some interesting new stuff going on. In the long term, can Netflix withstand Blockbuster?
Would this be a solid long-term buy, or ju
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