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Blockbuster's woes didn't let up in the third quarter by Company Town

Beleaguered DVD renter and retailer Blockbuster Inc. got no respite from its problems last quarter as revenue plunged 21% and net loss, excluding one-time costs, more than doubled. Blockbuster stock, which was already trading at under $1, plunged 13%...
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Best Buy making a second try at digital media by Company Town

About three years ago, Best Buy embarked on a project to start offering movies via digital download, according to two people familiar with the company's plans. It ultimately abandoned the effort, however, apparently deciding the market was too nascent...
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Redbox revenue still booming, but growth is slowing by Company Town

Good news for the three Hollywood studios lined up against Redbox: the $1-per-night DVD rental kiosk company's revenue growth slowed in the third quarter. Good news for the four studios that have signed deals with Redbox: Its revenue was up...
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Wal-Mart slashes DVD prices to $10, potentially spurring price war by Company Town

In an unprecedented discounting move that could signal a price war that would benefit the major movie studios and cash-strapped consumers, Wal-Mart has slashed the price of a number of the upcoming DVDs of big-budget summer movies to $10 on...
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Home entertainment honchos see growth returning in 2012 by Company Town

Sit tight, Hollywood, a turnaround in the DVD business is only three years away. That was the consensus of four of the six major studios' home entertainment presidents, who spoke this morning at Blu-con, a daylong event in Beverly Hills...
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Sony's aborted attempt to release 'This Is It' DVD before Christmas by Company Town

Sony Pictures desperately wanted to release the DVD of the Michael Jackson concert movie "This Is It" for the holiday shopping season, but backed down after movie theater owners balked that it was too soon following the film's theatrical...
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Netflix preparing for future with delayed rentals, more Internet streaming by Company Town

After another quarter of stunning growth, Netflix is preparing for a future in which its business may look very different. On the way out: rentals of new DVDs. On the way in: more Internet streaming across a variety of devices....
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Netflix revenue surges 24%; subscriber additions nearly double by Company Town

It used to be Hollywood that was recession-proof. Now it's Netflix. Continuing its huge growth in the midst of a brutal recession, the DVD-by-mail subscription company increased its revenue by 24% last quarter and added a net 510,000 subscribers,...
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Accelerating rentals prop up shrinking home entertainment biz in third quarter by Company Town

In what passes for good news these days, Hollywood's biggest and most profitable business shrank a little slower in the third quarter than in the first half of the year, thanks entirely to rentals. Overall home-entertainment revenue, including DVD...
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Paramount fills long-empty home entertainment slot by Company Town

After five months without a president of worldwide home entertainment, Paramount has promoted Dennis Maguire, who previously oversaw DVD sales overseas, to the post. Maguire became president of Paramount Home Entertainment International in 2006 after...
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Fox asks court to dismiss Redbox suit by Company Town

20th Century Fox asked a federal district court in Delaware to dismiss the civil suit brought by Redbox, claiming that the antitrust claims raised by the maker of DVD-rental kiosks don't hold up under scrutiny. Redbox sued Fox on Aug....
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Blockbuster more than doubles planned store closures to nearly 1,000 by Company Town

Facing increasing pressure from Redbox and Netflix and its own debt problems, Blockbuster is planning to more than double the number of stores it will close by the end of next year, the company revealed in a regulatory filing today....
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Disney changing stance on Redbox? by Company Town

Could Walt Disney Co. be changing its stance toward Redbox, whose dollar DVD rentals have roiled Hollywood? Pali Research analyst Richard Greenfield wrote today (registration required) that Disney -- which sells DVDs to Redbox through third-party distributors...
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$1 Redbox DVD rentals could pinch Internet video services, study finds by Company Town

Apparently there's more to fear in Redbox's $1 DVD rentals than meets the eye. The leading DVD kiosk vendor has done deals with half of the Hollywood studios (Lions Gate Entertainment, Sony Corp. and Paramount Pictures), while the other half....
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Sony repositioning PlayStation 3 as all-in-one entertainment device by Company Town

Nearly three years after the device launched and quickly fell behind its two major competitors, Sony is attempting to reposition its Playstation 3 video game console as an all-in-one entertainment device. The Japanese electronics giant is launching a...
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