Rumors from GoNintendo say that Blockbuster will possibly start renting out DS games.
I don’t think they can ignore the success of the DS much longer. Rumor has it that they will start up a DS service very soon. This would come in handy for a lot of multi-card play games.
Blockbuster is expanding into Mexico and The Hollywood Reporter related this information.
Dubbed Blockbuster Cinema, it is the company’s first theater opening worldwide. Company spokeswoman Karen Raskopf said Friday that Blockbuster Mexico has entered into a licensing agreement with Promotora Forjadores, a Mexican real estate investment firm.
Promotora Forjadores provided 100% of the capital investment. No additional financial details were available.
With stadium seating and digital sound, the state-of-the-art multiplex will open in Cholula, Mexico. Cholula lies 75 miles southeast of Mexico City and 10 minutes from the city of Puebla, Mexico’s fifth-largest city.
They finally caught the Florida robber. Asbury Park Press relates this story….
A suspect from a robbery at knife point at a Blockbuster in March was arrested and charged after a monthlong investigation, according to police.
Shawn H. Harlan, 27, of Waretown, was charged for robbing a Blockbuster Store on Route 9 in the Lanoka Harbor section of town on March 17. He fled with an undetermined amount of money, according to police.
In news today Reuters reported that Blockbuster was negotiating it’s credit agreement again for the 4th time.
The amendment raises the value of sales, transfers or disposals of assets that Blockbuster may transact without lender approval to $250 million from $100 million.
Under the new amendment, Blockbuster must apply the net proceeds of those transactions to its debt, which totaled $984 million at year’s end.
This is the fourth time that Blockbuster has amended its credit agreements since 2005 to service its debt, although the Dallas-based company has made progress in selling off video game and international assets.
Look both ways before entering a Blockbuster.
Sheboygan-press reported of this accident at a Blockbuster. The drivers brakes went out. Luckily no one was injured, but just be sure to look both ways as you enter your Blockbuster!
Looks like Blockbuster is seeing a little movement already…. Zelnick’s board duties have been shifted.
On March 29, Zelnick was appointed chairman of videogame company Take-Two Interactive Software, which does business with Blockbuster. Zelnick’s company, ZelnickMedia, also agreed to provide financial and management consulting services to the videogame company.
The Blockbuster board has determined that Zelnick’s new relationship with Take-Two constitutes “related-party transactions†under Securities and Exchange Commission rules, so the “disinterested†members of Blockbuster’s board needed to ratify and approve Blockbuster’s transactions with Take-Two, according to the proxy statement. Blockbuster paid Take-Two $30 million in videogame-related transactions in the first quarter of 2007, according to the statement.
Also there was mention of a new beta community added up in the mix. A program that will help Blockbuster even the score with Netflix.
Lorenza Muñoz of the Chicago Tribune says this of the on going “battle” that Blockbuster fights with Netflix.
Blockbuster Inc. is finally getting some payback in its battle with rival Netflix Inc.
For years, the video store giant has watched its market share eaten into by the online DVD renter. On Wednesday, however, Netflix disappointed Wall Street with its quarterly earnings, saying Blockbuster’s cutthroat competition was slowing its growth.
Lorenza Muñoz of the Chicago Tribune says this of the on going “battle” that Blockbuster fights with Netflix.
But who will win….. only time can tell!
Netflix, Blockbuster: Time for the Online Rental Wars?
There they go, talking about the hardship of competition between companies again. Patrick over at SeekingAlpha tells us that Netflix isn’t doing so great and that it’s Blockbuster’s fault. It has to be a pain for Netflix right now, seeing Blockbuster gaining all those new customers.
With all the talk about Blockbuster and Netflix going at it head to head, other rental options aren’t being left out. These “others” are, for example, the Redbox, and DVDPlay kiosks. They are a cheap and convenient way for you to see all of the new releases and more.
Police Need Help Identifying Blockbuster Bandits
CBS4 reported that in Miami Beach, Florida a couple, now known as the Blockbuster Bandits, robbed a Blockbuster store at gunpoint. The made off with the money in the safe and in the cash register.
If you live in or near Miami Beach, keep your eyes open!
It seems as though Netflix is finally being challenged. In a recent article at azcentral, it is reported that “The earnings fell 2 cents below the average estimate among analysts surveyed by Thomson Financial.” It continues saying, “Blockbuster Inc. represents the main source of Netflix’s headaches.”
“Although Netflix’s service is still larger, Blockbuster is now growing faster.” That’s due to the fact that now, when you sign-up with blockbuster, you can take the movies back to the store and not have to wait for snail mail.
