Blockbuster News & Latest Blockbuster Headlines

Last year, 24/7 Wall St. put together a list of CEOs who need to retire, basing its judgment on quarterly earnings, stock price, and innovation. Now, with most large public companies having reported their second quarter results, 24/7 is back with a list of nine CEOs who are performing so poorly that they ought to be removed immediately. Read on to find out who, and why.

After Blockbuster Buyout, Will Dish Take on Netflix in Streaming Video War?

4:00PM 4/06/2011

By InvestorPlace

Company News, Media, Netflix, Blockbuster, Comcast, Market News

Most subscribers to Dish Network probably picked the satellite television provider based on its low cost. But now that Dish has purchased the library of one-time movie rental powerhouse Blockbuster, it's poised to compete with the likes of Netflix for the streaming-video market.

Dish Network Buys Blockbuster for $228 Million

6:28AM 4/06/2011

By The Associated Press

Company News, Technology, Investing, Blockbuster, Stocks in the News, Market News

Blockbuster's Future is Up for Auction: Bidders Include Carl Icahn

6:30PM 4/04/2011

By The Associated Press

Company News, Investing, Blockbuster, Market News, Investment

Blockbuster on Monday kicked off the confidential auction process that will decide its future. Billionaire Carl Icahn and others have bid for the troubled video-rental chain.

Blockbuster Should Liquidate Instead of Reorganize

3:43PM 3/02/2011

By Danny King

Company News, Media, Netflix, Blockbuster, Retail

Blockbuster should liquidate instead of reorganize under new ownership because the video-rental store chain lacks the necessary cash to continue operations after a proposed sale is completed, Home Media Magazine reported, citing a division of the U.S. Justice Department.

Spring Is in the Air for Retail M&A

9:00AM 3/01/2011

By Mercedes Cardona

Company News, Economy, Nordstrom, Blockbuster, J Crew, Retail, Barnes & Noble

Retailers are getting back to business after the recession and showing stronger earnings, making them attractive targets for private equity investors -- and each other.

Struggling Blockbuster Reaches Deal for Sale

6:35AM 2/22/2011

By The Associated Press

Company News, Technology, Blockbuster

Movie rental chain Blockbuster Inc. said on Monday it signed a $290 million deal to be brought out of bankruptcy by a group of investors. The offer from Cobalt Video Holdco LLC is a so-called "stalking horse" bid, which Blockbuster hopes will attract other bidders who will offer more. The Cobalt...

Coming Soon: New Owners for Blockbuster?

6:30PM 2/10/2011

By Danny King

Company News, Netflix, Blockbuster, Retail

Bankrupt video-rental company Blockbuster may put itself up for sale as early as next week, The Wall Street Journal reported Thursday. The company had previously planned to reorganize, but creditors couldn't agree on a plan to restructure its debt.

In This Corner, Netflix. In the Other Corner. . .Amazon?

4:03PM 2/02/2011

By Danny King

Company News, Technology, Media, Netflix, Blockbuster, Amazon.com, Stocks in the News

Netflix, whose DVD-by-mail service hastened the demise of several video rental chains, may soon find itself under siege from Amazon. The world's largest online retailer appears to be on the verge of launching its own unlimited movie and TV-show streaming service.

The Plot Thickens: Netflix Users Angered By Latest Digital Twist

9:00PM 1/19/2011

By Danny King

Company News, Technology, Media, Netflix, Blockbuster, Retail

Netflix angered customers this week by removing the option to order DVDs via videostreaming consoles and mobile devices. The news that it was eliminating the "Add to DVD Queue" button in order to focus more on streaming videos has drawn thousands of comments, many critical of the company.