blockbuster

No Matter How Successful, Netflix Can't Shake the Bears

Throughout its history as a public company, Netflix has confounded the critics who've said it'll never survive. Yet, the critics still won't let up. And, yes, they have a scarily compelling story now. Here's why 2011 might prove to be Netflix's toughest one yet.

Bankruptcies: Could 2011 Be Even Better Than 2010?

In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are also at play here.

The 10 Retailers That'll Have a Not-So-Jolly Holiday

Holiday sales are historically make-or-break for many retailers, and every year, several break -- and even go out of business. Others make large cuts in their store numbers and employees. 24/7 Wall St. combed through the numbers and spotlights 10 retailers that won't look the same next year -- if they're even around.

First-Run Movies at Home -- for $20,000

That's the price tag for a Prima Cinema system that'll let you watch the latest releases at home from day one. The cost is sure to keep the market small, for now at least. The promise is that this is just the first step to more widespread at-home distribution.

Netflix Beats on Surge in Subscribers, Sales

Netflix said it boosted profit by 26% in the third-quarter. The largest U.S. DVD-by-mail service gained new subscribers by expanding its digital and packaged-media offerings.

Blockbuster Considers Switching CEO

Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year. The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources.

Why Blockbuster Went Bust While Netflix Flourished

It's easy to blame Blockbuster's collapse, which culminated Thursday in a voluntary Chapter 11 filing, on the rise of streaming Internet video and kiosk rental options. But Netflix faced the same threats and it's thriving. So what did Netflix do smarter than its bankrupt rival?

As Expected, Blockbuster Files for Bankruptcy

Blockbuster Inc (BBICP) filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt. The company filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York, Blockbuster said in a statement.

Bankruptcy for Blockbuster Could Come This Week

Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional store closures beyond the nearly 1,000 it previously planned.

Is a Blockbuster Bankruptcy Coming Soon?

The Los Angeles Times reports that Blockbuster has been meeting with senior debt holders and Hollywood studios to discuss a Chapter 11 filing in mid-September -- a path that would likely result in more store closures.

Legal Briefing: Conrad Black to Get Bail for Appeal

Former newspaper mogul Conrad Black will get out of jail on bail as he appeals his conviction for defrauding shareholders based on the now-narrowed "honest services" statute. The bail order comes even though Black was also convicted of an obstruction of justice charge.