New York Times has a great piece on this topic. Since I have been wrongfully bullish on Blockbuster (BBI), here is something that will give you some hope if you own the stock. http://www.nytimes.com/2007/07/17/business/17blockbuster.html »
This Garmin (GRMN) earnings reports was quite fantastic. According to Associated Press, net income grew 60 percent to $139.9 million, or 64 cents per share. The only negative thing here – the cheaper dollar inflated their EPS by 5 cents. Revenue increased 52 percent to $322.3 million as sales in the auto/mobile segment more... »
I disagree with pundits about Blockbuster (BBI) going down with the departure of their CEO by the end of 2007. He is not as good as people think. Total Access is hugely successful, but he took a long time before responding to the Netflix (NFLX) threat successfully. Shame on him for that. I think... »
Media Wars Part 1 of 2: Walmart’s Impact to Blockbuster, Netflix, Apple, Microsoft, Amazon and Tivo.
By now, you must have heard of Walmart’s (WMT) intention to enable movie downloads via the Internet. Needless to say, this has generated a lot of buzz and publicity for Walmart. Without further ado, I want to make my opinions clear on this move by Walmart. Like their DVD rental service two years ago that... »
I feel good about getting readers out of Netflix (NFLX) back at $27.50 in October. Since then Netflix has fallen some 14%, while its arch rival Blockbuster (BBI) is up 67%. So what changed? On Nov 1st, Blockbuster launched its Total Access program, which enables subscribers to return movies rented online to a local store... »