Late Fees Are Back At Blockbuster
Blockbuster rolls out a new policy this week whereby stores charge customers $1 for each day they keep movies over a five-day rental period. If movies are not returned within 15 days, customers are...
View ArticleNCR Integrates Blockbuster Kiosks With Consumer Website
NCR Corp. March 11 said it has upgraded the Blockbuster Express Web site so consumers can now rent online up to three DVD movies at a time and pick up at the nearest kiosk – a first among self-serve...
View ArticleNCR Rolling Out More Blockbuster Express DVD Kiosks
Sheetz, a closely held, Altoona, PA-based chain that has marched southward as it expands, is adding the movie-rental kiosks at nearly all 365 locations. The rollout is one of the biggest so far in...
View ArticleBlockbuster Mulls Bankruptcy, Looks To Outsource Main Distribution Center
For the second time in a year, Blockbuster is warning that it may have to file for bankruptcy protection under mounting debt and ever-increasing market pressure from competitors. The Wall Street...
View ArticleWarner Bros., Blockbuster Sign New Distribution Agreement
The new agreement between the studio and the rental chain gives Blockbuster a four-week lead on the likes of Redbox and Netflix for DVD, Blu-ray and digital on-demand rentals. Warner Bros. movies such...
View ArticleStart-Up Enters Kiosk Business, Signs Pizza Hut Franchisee
While Coinstar and NCR Corp. continue to expand their respective Redbox and Blockbuster Express networks, a new company is looking to claim a piece of the DVD kiosk pie. Start-up EntertainmentXpress...
View ArticleBlockbuster Unveils Reverse Stock Split Plan
Next to bankruptcy, nothing unsettles investors more than a reverse stock split, which financially challenged Blockbuster says it will present to shareholders at the DVD rental giant’s annual meeting...
View ArticleStudios Deal For First Lien On Blockbuster Canada Assets
Continuing its efforts to avoid bankruptcy, Blockbuster has secured new payment terms from Sony Pictures Home Entertainment, Twentieth Century Fox Home Entertainment, and Warner Home Video. In...
View ArticleBlockbuster Kiosks To Sell New-Release DVDs
NCR will expand beyond film rentals with its Blockbuster-branded kiosks in July, stepping up competition with Coinstar's Redbox by selling newly released DVDs, reports Bloomberg. The company also is in...
View ArticleNCR Elaborates On Plan To Sell DVDs From Blockbuster Kiosks
Confiming an earlier report that NCR plans to begin selling DVDs from its Blockbuster Xpress kiosks this summer, NCR Entertainment president Alex Camara tells Dow Jones that the company has not yet...
View ArticleKiosk Entrepreneur Fights For Blockbuster Board Seat
Gregory Meyer, who sold his DVDXpress kiosk business to Coinstar in 2007, is waging a proxy battle for a director’s seat at Blockbuster. Meyer holds 645,000 shares in the chain – more than any...
View ArticleBlockbuster Comp Sales Slip 7% In Q1
Blockbuster’s first quarter earnings report (released yesterday) was in line with analyst expectations, but share prices still fell with bankruptcy remaining a possibility for the chain. The business...
View ArticleActivist Blockbuster Investor Gains Backing In Board Seat Bid
Proxy advisory firm RiskMetrics Group is recommending Blockbuster shareholders elect activist investor Gergory Meyer to the company board on June 24, in opposition to the video chain’s management....
View ArticleActivist Investor Wouldn’t ‘Play Well With Others’ On Blockbuster Board:...
Blockbuster, in further efforts to fend off activist investor Gregory Meyer’s campaign for a board seat, says that two additional proxy advisory firms – Proxy Governance and Egan-Jones Proxy Services –...
View ArticleDissident Shareholder Voted Onto Blockbuster Board
Gregory Meyer has been elected to Blockbuster’s board of directors, overcoming the objections of pro-management proxy advisory firms who said the dissident shareholder would be “an unnecessary...
View ArticleBlockbuster Secures Extension On Interest Payment, Expects Delisting From NYSE
Shortly after the New York Stock Exchange halted trading of Blockbuster shares yesterday, the video chain said it had secured a six-week extension on $42.4 million in interest payments that were due...
View ArticleHow May USPS Changes Affect DVDs By Mail?
As the U.S. Postal Service calls for a postage rate hike and a five-day delivery schedule, analysts are mulling the implications for Netflix (as well as fellow disc-by-mail services Blockbuster and...
View ArticleBlockbuster Pushes DVD Exclusivity In New Consumer Campaign
“Less waiting, more watching” is Blockbuster’s latest ad slogan, as the chain attempts to convey its 28-day advantage over Redbox and Netflix -- for some new-release movies, anyway -- in a new TV...
View ArticleBlockbuster Loss Widens; Company Secures Another Debt Extension
Blockbuster reported today (via PR Newswire) a second-quarter loss of $69 million, nearly double its loss from a year earlier. Revenue at the rental chain fell by nearly 20% year-over-year, to $788...
View ArticleBlockbuster Discussing September Bankruptcy With Studios: Report
Executives from Blockbuster have briefed major movie studios on the company’s plans to file for bankruptcy in mid-September, according to the Los Angeles Times. The company, struggling under a debt...
View Article
