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Entries in Blockbuster video (5)

Monday
Sep272010

Confused about Blockbuster's bankruptcy? This graph shows everything you really need to know

It's official. Last week, video rental giant Blockbuster Video filed for bankruptcy. This chart succinctly shows why. Thanks to The Consumerist for this "gross oversimplification" of the facts.

Friday
Aug272010

Blockbuster Video to file for bankruptcy

Dark days are ahead for the once king of video rentals. Blockbuster Video plans to file for Chapter 11 bankruptcy in the middle of September in an attempt to manage roughly $1 billion in debt and get out of leases for hundreds of its rental stores. Blockbuster has lost more than $1.1 billion since 2008 and has closed 1,000 stores in the last year. 

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Thursday
Aug262010

Netflix launches its streaming iPhone app

If Netflix didn't have enough of a lead on rental chains like Blockbuster Video (a dying company) and Kiosks like Redbox, today marks another step ahead for the forward-thinking company. On its blog, the rental company announced today that a Netflix streaming app is available on the iTunes app store for iPhones and iPod Touch (no word on a version for the iPad). With a Netflix subscription, you can stream any available movies or TV shows right from your phone. Not bad. A video is below.

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Thursday
Aug122010

Today in too little, too late: Blockbuster and Comcast launch DVDsByMail.com

How slow can you go? Blockbuster Video, a once popular video rental chain that now faces bankruptcy, is teaming with Comcast to stave off its own death for a few more months. The two companies have launched DVDsByMail.com, a website that gives Comcast customers a great deal on renting DVDs...by mail. You know, like Netflix has been doing for 11 years. 

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Sunday
Jul042010

MGM needs money, and so does Blockbuster video

How do you tell someone it's time to move on? Blockbuster video and MGM Studios need that talk. The once mighty video rental store is in debt $42.4 million and has been officially delisted from the New York Stock Exchange because it's stock price has been under $1 for far longer than normally accepted. MGM, well it's attempting to obtain a sixth extension on its billions in debt. It's time to let go, ladies.

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