blockbuster

DISH Network grabs Blockbuster bankruptcy assets

DISH Network grabs Blockbuster bankruptcy assets

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.

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Rovi Declares Intent to Buy Sonic Solutions

Rovi Declares Intent to Buy Sonic Solutions

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.

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Blockbuster bankruptcy confirmed: little love for existing creditors

Blockbuster bankruptcy confirmed: little love for existing creditors

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.

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Blockbuster bankruptcy imminent tip insiders

Blockbuster bankruptcy imminent tip insiders

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.

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Blockbuster pre-planned bankruptcy tipped amid $920m debt

Blockbuster pre-planned bankruptcy tipped amid $920m debt

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.

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Blockbuster offers games by mail

Blockbuster offers games by mail

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.

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Blockbuster and Motorola Working to Bring Handset Owners OnDemand Media

Blockbuster and Motorola Working to Bring Handset Owners OnDemand Media

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?

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