Familiar script: Home entertainment spending slips

January 11, 2012

Spending on home viewing of movies and television, on a downward spiral in recent years, fell again in 2011 as sales of DVDs and rentals at video stores dropped.

Wow! My Blockbuster is closed

March 29, 2010

blockbuster for sale 2b

The fate of the Blockbuster movie rental chain really hit home this weekend when I saw a “for rent” sign on what was once a busy location. That particular shop — on a high-traffic Westchester, NY  strip, across the street from a always-busy mall — was once a bustling spot, particularly on weekends. The economy is rough, of course, but I would have bet it would outlive its smaller neighbors.

Blockbuster gets kicked when it’s down by cable companies

March 17, 2010

Blockbuster storeIt’s a tough time to be a video rental store owner wherever you are, but it’s especially tough if you’re Blockbuster Inc and have 6,500 stores to manage, thousands of employees, expensive debt repayments and a sinking share price.

Soccer clubs and mortgages: How a media mogul spends $10 million

December 4, 2009

Unlike many of us, media executives know what it’s like to play around with large wads of cash. So it seemed natural to ask them about what kind of investment opportunities they’re seeing when they gathered in New York this week for the Reuters Global Media Summit.

from Summit Notebook:

Redbox: Paving the way for “G.I. Joe” rentals

December 2, 2009

You thought that maybe that giant Redbox machine in your local food mart, offering $1 DVDs, was simply a low-cost way to share a movie night with the family.

Netflix CEO Reed Hastings on Xbox, Youtube, iPhone

September 21, 2009

We caught up with Netflix CEO Reed Hastings at the movie rental company’s event where it awarded a $1 million prize after a contest aimed at improving the accuracy of movie recommendations. He spoke about his hopes of working with Apple on the iPhone, the possibility that YouTube will beef up its movie service, and the future of the DVD.