Digital Intelligence

Entries from Digital Intelligence tagged with "blockbuster"

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‘Outdated’ Blockbuster back in administration

Blockbuster UK has gone back into administration and its online service has been suspended, as the owners admit its current business model is ‘outdated’.

12/11/2013  |  Full story...

Can Government forum save UK’s high streets?

The UK Government is setting up a national Future High Streets Forum to make sure other retailers do not go the way of HMV, Blockbuster, Jessops and Comet.

11/02/2013  |  Full story...

Digital Intelligence January 2013

Digital Strategy data - Digital Intelligence January 2013

The beginning of 2013 saw more evidence of the death of the high street as consumers increasingly flocked to the web for their shopping needs. In particular the shift from buying entertainment in solid-state form to digital form was put into sharp focus as the closure of the HMV and Blockbuster were announced alongside the record numbers of digital downloads.

The power of social media to instigate and amplify bad press was brought into sharp relief yet again with the tale of two retailers - Sellitonline.com and Tesco - who both suffered at the hands of online consumers.

Facebook launched their 'Graph Search' as their first major step into social search as well as continuing its evolution into a mobile service.

Sony launched their latest Xperia to compete in the smartphone marketplace. While Apple's share price fell sharply on disappointing iPhone sales.

And the annual CES show in Vegas was abuzz with automatic cars, new TV formats and gaming innovations.

Read January 2013

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01/02/2013

Blockbuster goes into administration: 4,190 jobs in doubt

Rental chain Blockbuster has become the latest UK high street store to go into administration, amid growing pressure from online rivals such as LoveFilm and Netflix.

To see how far media technology has come, watch one of the company's first UK commercials here:

17/01/2013  |  Full story...

Netflix UK launch ‘beats expectations’

Netflix has seen profits drop, but its UK launch has exceeded expectations, according to its latest financial figures.The US-based DVD rental and video streaming service posted fourth-quarter net profit down from $47.1m a year ago to $40.7m.

30/01/2012  |  Full story...

Bankrupt Blockbuster sells for just $320m to Dish Network

Blockbuster has been sold at auction to satellite TV chain Dish Network for just $320m, after the once dominant video chain was pushed into bankruptcy by online competition from the likes of Netflix and LoveFilm. Dish Network, a provider of subscription-based satellite-TV services, said that it expected to pay only $228m for the company, after "certain adjustments" on cash and inventory are made.

07/04/2011

07/04/2011  |  Full story...

Online vs. store rentals: Blockbuster goes up for sale, closes 609 US stores

Blockbuster has signed a $290m deal to be brought out of bankruptcy by a group of investors, as the movie rental store struggles to compete with online rivals such as Netflix and LoveFilm. 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.

Blockbuster used to be the dominant US and UK movie rental chain. In recent years, competition from Netflix, Redbox kiosks and video on-demand services caused Blockbuster's revenues to decline. It filed for bankruptcy in September last year.

24/02/2011

24/02/2011  |  Full story...

Blockbuster files for bankruptcy protection as online rivals soar

Blockbuster has filed for Chapter 11 bankruptcy protection in the US, as the one-time market leader in DVD rentals struggles to keep up with online competition such as Netflix and LoveFilm. The move will mean Blockbuster will be able to keep its stores and kiosks open as it reorganises.

Increasingly, people are watching movies via video subscription services like Netflix in the US and LoveFilm in the UK. In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, the company said it reached an agreement with bondholders on a recapitalisation plan.

01/10/2010

01/10/2010  |  Full story...

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