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Latest from Bloomberg
August 07, 2010 | Permalink | Comments (20) | TrackBack (0)
Bloomberg: Blockbuster Gets Temporary Reprieve; Bankruptcy in September? Bloomberg reports that Blockbuster will probably get a one-month reprieve from creditors so it can file for bankruptcy in September: Lenders are pushing for a pre-packaged bankruptcy in exchange for the 30-day extension on debt repayment, said the people, who declined to be identified because the negotiations are private. Blockbuster is reaching out to companies about buying assets in or out of bankruptcy, one of the people said. “We’ve been transparent throughout this process about the potential sales or licensing of certain international operating assets,” Patricia Sullivan, a Blockbuster spokeswoman, said in an e-mail. “These discussions are ongoing.” She said the company continues to engage with lenders in “productive talks.” I can remember when small video stores went out of business when they heard Blockbuster was coming to town.
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"They hire f***ing Rhesus monkeys at Blockbuster!" -Tony Soprano |
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Granted, it doesn't look good, but it's not final. Here's the direct link Also, check out the new Comcast deal Makes you wonder why these deals are coming in when blockbuster is on it's death bed. Mike |
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Hot Head (August 9th, 2010) |
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I just hope some of the small video stores can make a return. I don't think it's dire in every city and every market, regardless of On Demand and other ways to watch movies digitally. Some of our BBV stores actually make money in the areas they are in, it's just the morons who run the company that squander those profits away.
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remember, half of all america doesn't have internet, let alone an operating computer. of all those people how many of them are up to renting a movie occasionally. i don't know....
as i'm writing this reply with the intent of saying positive things and rooting for small business video stores, i need to stop and say the word REDBOX is shouting in my head and that can't be ignored. the less rich people of america will definitely go to a redbox over the small business for cheaper rentals. i want to believe otherwise. speaking of which when is redbox gonna get completely strangled by the production companies and forced to raise prices and stuff?
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[SIGPIC][/SIGPIC] Don't believe in yourself - believe in ME! Believe in the KAMINA who believes in YOU! |
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There is a lot of pressure on Redbox to get their prices raised. Studios are NOT happy about a dollar per day rentals.
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I think that the actors get payed to much anyways. This is the the reality for those actors that are payed waaaaay to much.
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[SIGPIC][/SIGPIC] ╭∩╮(︶__︶)╭∩╮ Even the Devil, which is the main share holder of blockbuster is saying you guys are making me look bad! Horse Power is how fast you hit the wall. Torque is how far you take the wall with you. |
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BUYMECAR (August 9th, 2010) |
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though then again, i feel the same way about professional sports players, lawyers, politicians, designers... |
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...certain nameless CEO's...
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Why does this pic somehow remind me of Blockbuster? [SIGPIC][/SIGPIC] |
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BUYMECAR (August 10th, 2010) |
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wheresmikey (August 10th, 2010) |
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