#31
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http://www.reuters.com/article/2011/...7331XV20110404
There was another article from business week but I trust reuters more. |
#32
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There is no way Dish would convert all stores to retail outlets for them. That makes no sense what so ever. They are bidding to get our content and any exclusive movie rights we might have left. Maybe they would keep a few stores but no way it would be 1700.
My money is on Icahn too. With all the bad blood between him and Keyes and the money he has just the thought of being able to walk in and boot Jim out of his office would be worth the price to him. |
#33
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Quote:
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#34
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http://blogs.wsj.com/deals/2011/04/0.../?mod=yahoo_hs
By Shira Ovide No, it’s not a Blockbuster night. And it may never be again. Bloomberg News Two companies that liquidate stores — that is, sell off all the inventory from dead stores — are seeking to buy pieces of Blockbuster out of bankruptcy protection, reported Deal Journal colleagues Mike Spector and Joseph Checkler. If the liquidators, Gordon Brothers Group and Hilco Merchant Resources, are successful, it would mean the closure of all of Blockbuster’s remaining stores. Gordon Brothers and Hilco lobbed a joint bid for the DVDs and other inventory at 1,717 Blockbuster stores, Spector and Checkler reported. If a bankruptcy judge picks the Gordon Brothers-Hilco bid, the duo would take over the stores and liquidate them. Don’t cry for Blockbuster yet. Spector and Checkler said even if the liquidators win, another suitor could keep in operation Blockbuster’s vending and digital businesses. Other bidders seeking to buy Blockbuster include include investor Carl Icahn, satellite-TV company Dish Network , South Korean telecom company SK Telecom Co. and a hedge-fund group led by Monarch Alternative Capital. |
#35
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There's nothing wrong with a company expecting their employees to be strongly sales focused and sign people up for things. The problem BBV had is that there were no commissions whatsoever. It was sell or die, and your sole compensation for meeting sales expectations shouldn't be that you don't have to get tons of grief for not making it.
If you don't reward your employees for selling well than you don't get to punish them at all when they don't.
__________________
The postings on this site are my own and do not represent Blockbuster's positions, strategies, or opinion. The postings on this site are my own and do not represent DISH Network's positions, strategies, or opinion. |
The Following 4 Users Say Thank You to itirnitii For This Useful Post: | ||
abhorrent scowl (April 5th, 2011), angrYbird (April 4th, 2011), D Money (April 5th, 2011), its_me_ASM69 (April 4th, 2011) |
#36
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I hope that Gordon & Hilco win it......bahahahahahahaha
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#37
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Quote:
Blockbuster's assets also include movie kiosks and a by-mail video business. It also has digital delivery agreements with Hollywood studios including Sony Pictures, Twentieth Century Fox, Warner Home and Universal Studios. Two things: I wish reporters for well-regarded media outlets would fact-check. The kiosks are not ours, we only sold the name. I don't think this is a secret or hard to uncover. I guess this answers my earlier question about what is actually being sold at auction. And it certainly does sound like the b/m stores have a bleak future.
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Life is not one thing after another, it's the same God damn thing over and over -- Dorothy Parker |
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Just Breathe 09 (April 4th, 2011) |
#38
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#39
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__________________
With you guys until the very end. Thank you for all the years of good times and great friends! |
The Following 3 Users Say Thank You to sar94pga For This Useful Post: | ||
#40
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If DISH wins, I can assure you they keep the stores. I just did a search from their website for retailers in my area and there are only two within 40 miles listed on their website. I live in a major city.
DISH is profitable but almost stagnant in the number of customers they have. This could be a huge outlet for them while creating what was referred to in an article I recently read as "an over-the-top product". The article even felt that creating a streaming product to compete with Netflix was not out of the question. "We think that Blockbuster could be the way that Charlie Ergen gets content for a potential over-the-top [broadband] product -- one that could end up competing with Netflix down the line," Wells Fargo analyst Marci Ryvicker said in a report. Most stores average 400-700 or more actives per week. Lets very conservatively say 1000 per month. That is 1.7 million potential NEW customers coming in those doors every month for DISH. Now take the 14 million existing customers it already has that it could try and drive to the stores and you got a double wammy. There are video store owners on this site that will be the first to tell you that a properly run store can be quite profitable. So why can't Blockbuster stores be profitable if properly run? Add another profitable line of products (the DISH service and equipment) and why can't the stores be not only profitable, but extremely valuable to a company like DISH? |
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