TAG RESULTS FOR: blockbuster

After years of rumors and months of procrastination, Blockbuster has finally filed for bankruptcy, effectively reducing their debt from $1 billion to $100 million. Blockbuster announced, via press release, a “pre-arranged” bankruptcy in order to “recapitalize” and “substantially reduce its indebtedness.” Unfortunately for most stock holders, your debt caused by Blockbuster is still your own. The Chapter 11 filing reads “Under the proposed plan, there would be no recovery by the holders of the Company’s outstanding subordinated debt, preferred stock or... Continue reading

While the meteoric rise of Netflix isn’t so much of a surprise, the relative steadiness of Blockbuster surprised the hell out of me. While Blockbuster has surely lost droves of customers to its competitors and a considerable chunk of that search volume could be associated with unsatisfactory or negative queries (such as Blockbuster bankruptcy rumors), the big news here seems to be the huge expansion of interest in the movie rental and streaming world, rather than the lack of interest... Continue reading

For the past two months or so, Netflix has been delaying the shipment of many Warner Bros. new releases by 28 days, a new mandate installed by the production company in order to allegedly provide a better user experience. Well, Netflix users should be enraged to see that Blockbuster signed a deal that allows them to both ship to their online customers and rent out their movies at their remaining brick and mortar outlets on the day of the actual... Continue reading

Blockbuster is still the largest video rental store in the country but that’s not something to be proud of. People want content in their homes as soon as possible and driving to a store and renting a physical disc just doesn’t make the cut anymore. So, in an effort to save itself, Blockbuster has scrambled and partnered with dying DVR company TiVo. While TiVo is in a much healthier state than Blockbuster, it only has 3.3 million subscribers, not a... Continue reading