Summary Box: Shares of Blockbuster tumble after bankruptcy warning THE WARNING: Blockbuster Inc. says in a regulatory filing that it may have to file for Chapter 11 bankruptcy protection. THE REASON: Competition from DVD-by-mail company Netflix Inc. and DVD vending machines operated ...
Shares of Blockbuster tumble after warning it may need to file for bankruptcy protection Shares of Blockbuster Inc. sank 30 percent Wednesday after the video rental chain warned that it may have to file for Chapter 11 bankruptcy protection. Competition from DVD-by-mail ...
LOS ANGELES (Reuters) - Video-rental chain Blockbuster Inc said on Tuesday for the first time it may need to file for bankruptcy protection after years of struggling to lessen its debt load. The company's shares fell 10 cents to 30 cents in ...
Netflix downgraded; analyst cites high share price, worries post office may raise rates A Morgan Stanley analyst downgraded Netflix Inc. Friday, citing the DVD rental company's stock price, the potential for postal rate hikes and increasing competition. In a note to clients ...
AIG aircraft unit's loan sales garner demand; to provide add'l funding ahead of possible sale International Lease Finance Corp., the aircraft-leasing unit of American International Group Inc., is looking to raise $1.3 billion in loan offerings as it seeks new funds to ...
Analysts see trouble for Blockbuster as competition from Netflix, others deepen sales declines Shares of Blockbuster Inc. tumbled Thursday as analysts said the company may need to undergo a significant restructuring this year as competition from Netflix Inc. and DVD vending machines ...
Blockbuster suffers 4Q loss of $435 million as more consumers rent from Netflix, Redbox Blockbuster Inc. suffered a fourth-quarter loss of $435 million as its video rental stores struggled to attract consumers who are increasingly getting their movies through the mail, vending ...
(Reuters) - Blockbuster Inc has hired a law firm and an investment bank to explore how the video rental firm can cut its $1 billion debt load, the Wall Street Journal reported on Wednesday. Law firm Weil, Gotshal & Manges and the ...
<div><p>LOS ANGELES (Reuters) - Online DVD renter Netflix Inc agreed to wait 28 days before offering new Warner Bros titles in exchange for more content that can be sent directly to customers' televisions and computers.</p><p>Under the deal announced Wednesday with Time Warner ...
<div><p>(Reuters) - Online DVD rental company Netflix Inc inked a deal video game console maker Nintendo to allow Wii users to stream movies and TV episodes to their television sets.</p><p>The move comes months after Netflix started streaming movies through Sony Corp's PlayStation ...
