Blockbuster Files for Chapter 11 Bankruptcy

Blockbuster Inc. announced that it and its domestic subsidiaries have filed voluntary Chapter 11 petitions with the U.S. Bankruptcy Court for the Southern District of New York. According to the statement, Blockbuster’s non-U.S. operations and its domestic and international franchisees were not included in the filings and are not parties to the Chapter 11 proceedings.

Netflix Launches Canadian Service

Netflix, Inc. announced that it has launched its Canadian service for streaming movies and TV episodes over the Internet. According to the statement, Netflix also inked Canadian license agreements with major motion picture studios such as Lionsgate, MGM Studios, Paramount Pictures, Sony Pictures Entertainment, Twentieth Century Fox and Universal Pictures, as well as Canadian distributors …

Continue reading ‘Netflix Launches Canadian Service’ »

Redbox Expands Convenience Store Presence

Redbox announced that the company has signed agreements with EZ Mart Stores, Inc., Fastrac Markets, Murphy Express and VPS Convenience Store Group (Worsley Companies). According to the statement, the agreements will expand the redbox footprint to new convenience store locations in the Northeast, Southeast and Midwest.

EntertainmentXpress Kiosks Target Gas Stations and Convenience Stores

Public Media Works, Inc. and its wholly-owned subsidiary EntertainmentXpress, Inc., announced an agreement with Modular Conversions, LLC to place up to 7,000 DVD movie and game kiosks in new convenience stores as major oil company-sponsored gas station conversions are completed over the next three years across the U.S. According to the statement, the initial phase …

Continue reading ‘EntertainmentXpress Kiosks Target Gas Stations and Convenience Stores’ »

Blockbuster Reports Loss in Q2 2010

Blockbuster Inc. announced financial results for its second quarter ended July 4, 2010. According to the statement, total revenues for the second quarter of 2010 were $788 million, compared to total revenues of $982 million for the same period one year ago. Net loss for the second quarter of 2010 was $69 million ($0.32/share) compared …

Continue reading ‘Blockbuster Reports Loss in Q2 2010’ »