BLOCKBUSTER AGAIN IS A BUST

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	BLOCKBUSTER BUSTED AGAIN May 3 2007
	Costs connected with Blockbuster's Total Access rental program, which permits subscribers to rent films online, (more)
	BLOCKBUSTER ONLINE HAS A SENSATIONAL FOURTH QUARTER Jan 4 2007
	Analysts were attributing a fourth-quarter surge in the number of subscribers to Blockbuster's online rental (more)

BLOCKBUSTER AGAIN IS A BUST
Friday, November 2 2007

The closure of hundreds of competing video stores has apparently not driven many consumers to Blockbuster outlets. On Thursday the video renter posted a quarterly loss from continuing operations of $34.8 million, rising from a $23-million loss during the comparable quarter a year ago. The figures were considerably worse than expected. There was one bright spot in the quarterly report: subscribers to its online rental service dropped to 3.1 million from 3.6 million a year ago, with most of the lost subscribers presumably moving to NetFlix. "Our goal is to continue to increase our membership base by providing even more ways for customers to get the entertainment they want through our stores, through the mail and through new technologies," Blockbuster CEO Jim Keyes said in a statement.

BLOCKBUSTER HURTING IN WAR WITH NETFLIX
Tuesday, August 7 2007
Blockbuster may have drawn business away from rival Netflix with its Total Access plan that allows subscribers to rent or return movies at either its stores or via its website, but the plan, according to Barron's magazine, is "killing its bottom line," resulting in a loss of before-taxes loss of $113 million in the last quarter. Barrons quoted Blockbuster CEO Jim Keyes as saying, While we remain committed to capturing market share in the overall (more)

NETFLIX SHARES PLUNGE
Tuesday, July 24 2007
Only hours after reporting a 50-percent increase in net income for its second-quarter compared to the same period last year, online DVD renter Netflix issued a profit forecast Monday indicating that it expects profits to fall during the rest of the year following its decision to reduce subscription rates and upgrade customer service to compete more effectively against Blockbuster. Shares plunged 12 percent Monday, closing at $17.27. They continued falling today (Tuesday) after an analyst (more)