Blockbuster

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    News

    US DVD rental business Blockbuster sold to satellite broadcaster

    2011-04-07T09:39:00Z

    US DVD rental business Blockbuster, which went bankrupt last year, has been bought by US satellite broadcaster Dish Network after it won a $321m (£196m) auction.

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    Blockbuster to go ahead with its proposed £180m sale to investors

    2011-03-22T09:27:00Z

    Troubled retailer Blockbuster has been given clearance by the US courts to go ahead with its proposed $290m (£180m) sale to investors, overcoming fears that the group may file for Chapter 7 liquidation. The retailer had come under pressure from creditors, including a growing number of movie studios that were ...

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    Blockbuster received bid for £179.9m as it puts itself up for auction

    2011-03-04T00:00:00Z

    Troubled entertainment retailer Blockbuster has put itself up for auction and has received a bid from a consortium for $290m (£179.9m). The US chain has reportedly agreed to sell itself to Cobalt Video Holdco in a deal that includes its UK operations. Blockbuster chairman and chief executive Jim Keyes said: ...

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    Blockbuster faces eviction from dozens of US stores due to unpaid rent

    2011-02-24T14:10:00Z

    Blockbuster reportedly faces eviction from dozens of US stores where it has not paid rent, adding to the bankrupt company’s troubles. According to local press, four landlords have asked a bankruptcy judge to order immediate rental payment for 38 of the company’s stores.

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    News

    Blockbuster UK boss says business isn’t under threat

    2011-02-18T00:00:00Z

    Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.

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    Blockbuster to add 3,000 Express DVD rental kiosks this year

    2011-02-11T00:00:00Z

    Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection. Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks ...

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    Blockbuster gets deadline extension for bankruptcy reorganisation plan

    2011-01-25T17:39:00Z

    Blockbuster has received an additional three weeks from its lenders to file a bankruptcy reorganisation plan. The company received an extension to February 4 from January 14 to file a plan, a regulatory filing shows. It is common for debtors to seek such extensions and US bankruptcy courts routinely grant ...

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    News

    In Focus: Blockbuster

    2010-12-10T00:00:00Z

    Despite its US parent’s move into Chapter 11 bankruptcy protection, UK Blockbuster has traded profitably of late, following heavy losses in the mid-2000s - but what are its future prospects?

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    News

    Blockbuster UK profits up despite bankrupt parent

    2010-10-08T00:00:00Z

    Blockbuster UK has reported its pre-tax profits lifted from £3m to £4.6m in the year to January 3, but the retailer still awaits the fate of its US parent Blockbuster Inc.

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    Blockbuster files for bankruptcy

    2010-09-30T20:31:00Z

    Blockbuster in the US has filed for Chapter 11 bankruptcy protection after mounting losses, rising debt and stiff competition from retailers that have better catered to consumers’ evolving media habits. Blockbuster said business would continue as usual at its 3,000 US stores, but added it would evaluate the profitability of ...