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‘blockbuster’ Stories

DISH Network grabs Blockbuster bankruptcy assets

Chris Davies, Apr 6th 2011 Discuss [0]

DISH Network has snapped up Blockbuster's assets for $320m, after the bankrupt rental retailer put itself up for auction after facing an insurmountable $1bn in debt. "With its more than 1,700 store locations, a highly recognizable brand and multiple methods of delivery, Blockbuster will complement our existing video offerings while presenting cross-marketing and service extension opportunities for DISH Network" Tom Cullen, DISH Network's exec in charge of sales, marketing and programming reckons, suggesting that the satellite company won't immediately shutter all the stores. Read The Full Story

Rovi Declares Intent to Buy Sonic Solutions

Evan Selleck, Dec 23rd 2010 Discuss [0]

In an announcement late Wednesday, Rovi Corp. has officially made it known that they have every intent in buying Sonic Solutions. In their proposal, the company confirmed that the deal would be worth $720 million in a cash-and-stocks deal. The result of a purchase like this, both companies believe, would be the collected power to change the way digital distribution is handled within the video entertainment market. They hope to make it better. Read The Full Story

WD TV Live and Live Plus Media Streaming Boxes Get Facebook Support, Plus More

Evan Selleck, Nov 23rd 2010 Discuss [0]

While they didn't feel like it was necessary to have a mid-morning press event, Western Digital officially announced on Tuesday that their media streaming boxes, the WD TV Live lineup, would be getting updated to support Facebook, Blockbuster On-Demand, and even more goodies for WD TV Live and Live Plus owners to enjoy. Read The Full Story

Blockbuster bankruptcy confirmed: little love for existing creditors

Chris Davies, Sep 23rd 2010 Discuss [0]

No great surprise, but Blockbuster has officially announced that it has entered "pre-arranged" Chapter 11 bankruptcy proceedings in an attempt to salvage a viable business from one currently mired in almost $1bn of debt. Although all roughly 3,000 retail stores across the US will remain open initially, Blockbuster is promising to "evaluate its US store portfolio" and is likely to axe 500-800 locations, according to earlier predictions. Read The Full Story

Blockbuster bankruptcy imminent tip insiders

Chris Davies, Sep 22nd 2010 Discuss [0]

Ailing retailer Blockbuster is tipped to be preparing to announce its pre-prepared Chapter 11 bankruptcy today, according to the WSJ. The company - whose stock has fallen to just $0.06 per share - is yet to publicly confirm its bankruptcy, and is apparently close to finalizing its restructuring plans. However, investors are said to be "haggling over a few small issues" that could see the announcement pushed to the end of this week or even the beginning of next week. Read The Full Story

Blockbuster pre-planned bankruptcy tipped amid $920m debt

Chris Davies, Aug 27th 2010 Discuss [0]

Blockbuster are tipped to be readying for "pre-planned" bankruptcy in mid-September, hoping to use the time for severe financial restructuring and breaking leases on 500-800 of the media rental company's 3,425 bricks & mortar stores. The news comes from sources close to Blockbuster's negotiations with the six major film studios, speaking the LA Times; Blockbuster - and their "senior debt holders" - have apparently been meeting with the studios to discuss the potential impact and their plans to handle their $920m of debt. Read The Full Story

Blockbuster offers games by mail

Shane McGlaun, Aug 11th 2010 Discuss [1]

Blockbuster has been unable to make a dent in the popularity of mail order rental services like Netflix and has yet to really mount a successful play in the kiosk rental area against Redbox. The failure for the rental chain to compete in the new markets for video rentals has seen the once powerful rental chain close up in many areas and landed the company on deathwatch lists. Read The Full Story

Blockbuster brand to disappear in 2011?

Shane McGlaun, Jul 12th 2010 Discuss [0]

For many years, Blockbuster has been the source that many gamers and movie fans went to for rentals on films and video games. As the internet grew in popularity, many movie fans changed to other delivery methods like Netflix and eventually streaming rentals. Read The Full Story

Toshiba adds Blockbuster On Demand to latest Blu-ray players

Shane McGlaun, Jun 3rd 2010 Discuss [0]

Blockbuster is taking a beating at the hands of movie rental kiosks such as Redbox and others. The rental company is also finding that physical movie rentals are not what they used to be with Netflix and on demand streaming becoming more common. Read The Full Story

Blockbuster and Motorola Working to Bring Handset Owners OnDemand Media

Evan Selleck, Aug 18th 2009 Discuss [0]

If you own a Motorola phone and you've been thinking you could use some more media on it, then you should be happy to know that Blockbuster feels the same way, and they're ready to do something about it. Today marked the announcement that Blockbuster has plans to launch a feature that ties into their Blockbuster OnDemand movie downloading service, for select handsets. That probably means all of you still touting your RAZRs will be out of luck, but hey, it's time to upgrade anyway, right? Read The Full Story

Archos 10 netbooks to go on sale at Blockbuster stores

Chris Davies, Jul 17th 2009 Discuss [0]

The Archos 10 netbook will go on sale at 1,000 Blockbuster stores around the US, as an attempt to promote the rental company's on-the-go media offerings. Each of the netbooks - which have a 10-inch display, Intel Atom N270 processor and 1GB of RAM - will have "an embedded link" to Blockbuster's site. Read The Full Story

Blockbuster OnDemand headed to Samsung devices

Brenda Stokes, Jul 14th 2009 Discuss [0]

It seems many companies are teaming up these days, especially when it comes to providing streaming content to various devices. And Samsung is no different, since they've teamed up with Blockbuster today to make the rental company's online movie library OnDemand service available to Samsung device users. Read The Full Story