All Blockbuster articles – Page 3
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NewsBlockbuster collapses into administration
Entertainment specialist Blockbuster has plunged into administration, making it the third large retailer to hit the buffers in a week following the collapse of Jessops and HMV.
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AnalysisRetailers and landlords: Lease conflict time bomb
Retailers and landlords remain in disputes over pre-packs, downscaling, and now monthly rents. Meanwhile, a lease time bomb is ticking, warns Mark Faithfull. However, it could spell good news for retailers.
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News
Blockbuster unveils year end results
Blockbuster has unveiled its results for the year to December 31, 2011 confirming it plans to close 500 underperforming rental stores during the first half of 2012. This number accounts for about one-third of the retailer’s US store portfolio.Blockbuster’s new parent company Dish Network reported an 11% increase in net ...
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AnalysisBlockbuster Two Weeks Free Movies
Blockbuster is one retailer that’s not had an easy time of it over the last couple of years, as new services such as Lovefilm and streaming service Netflix are muscling in on its territory.
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NewsNetflix to launch in UK next year
Netflix, the on-demand film specialist, is to launch a streaming service in the UK and Republic of Ireland in 2012.
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NewsBlockbuster UK posts profits fall
DVD rental chain Blockbuster UK profits slumped from £4.6m to £1.7m in the year to January 2.
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News
Blockbuster launches subscription movie service
Blockbuster has launched its own subscription movie service which it claims will compete against rival Netflix. Blockbuster Movie Pass will be available from October 1 for a monthly subscription of $10 (£6.40). The service includes DVD movies, TV shows and video games. It will be launched initially to customers of ...
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News
Canadian Blockbuster closes its remaining stores
Blockbuster in Canada, which went into receivership in May, is to shut down all its remaining stores after failing to find a suitable purchaser. This follows the disposal of 140 stores earlier in the year. Blockbuster is now winding down the video store’s operations and closing the remaining 253 stores.
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OpinionA question of entertainment
It seems like entertainment retailers are under siege from all directions.
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AnalysisEntertainment shift puts Amazon and Netflix top
The shifts in the way we purchase and consume entertainment products was again thrown into stark relief as upbeat quarterly results from Amazon and Netflix contrasted cruelly with stories of investors picking over Blockbuster and HMV.
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NewsUS DVD rental business Blockbuster sold to satellite broadcaster
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
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 owed ...
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Blockbuster received bid for £179.9m as it puts itself up for auction
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
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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NewsBlockbuster UK boss says business isn’t under threat
Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.
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News
Blockbuster to add 3,000 Express DVD rental kiosks this year
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 that ...
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Blockbuster gets deadline extension for bankruptcy reorganisation plan
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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NewsIn Focus: Blockbuster
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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NewsBlockbuster UK profits up despite bankrupt parent
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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News
Blockbuster files for bankruptcy
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 its ...