Blockbuster undercuts Netflix
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Video retailer Blockbuster Inc. will lower the subscription price of its online DVD rental service to $17.49 a month in October, undercutting a similar move by rival Netflix Inc.
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SAN FRANCISCO -- Online DVD rental pioneer Netflix Inc. is lowering the price of its two most popular subscription plans by a $1 per month, relinquishing millions of dollars in revenue in an attempt to regain the upper hand in a cutthroat battle with Blockbuster Inc.
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SAN FRANCISCO -- Netflix Inc. expects its profit to sag the rest of this year as the online DVD rental leader absorbs the cost of lowering its prices and upgrading its customer service to ward off an intensifying threat from rival Blockbuster Inc.
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Continued pressure from rival Netflix is obliging Blockbuster to stop charging late fees. This could remove up to $300M in revenues per year.
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Blockbuster, the largest video store chain, cut the monthly price for online rentals for the second time this year to fend off competition from Netflix.
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Netflix Inc , the largest online DVD rental company, reported its first-ever quarterly drop in subscriptions and missed Wall Street revenue targets in the face of fierce competition from Blockbuster Inc.
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Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that it said could grow 43 percent this year.
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Online video rental company Netflix  Inc.  has lowered the price of its two-at-a-time DVD  rental plan by $1, to $13.99 a month, according to an e-mail  sent to subscribers on Thursday.
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Blockbuster wastes no time in undercutting Netflix.
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Netflix Inc will not cut its price for online DVD rentals to match lower fees set on Wednesday by rival Blockbuster Inc. (BBI.N: Quote, Profile, Research) in an escalating
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Though profitable for the last nine years, Universal has been noticeably short on blockbusters to call its own. And that is largely by design
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Blockbuster Inc. introduced on  Tuesday an Internet-only DVD rental service priced below a  similar Netflix plan, sending Netflix shares down 9 percent as  the online movie rental war heated up again.
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By DAVID KOENIG DALLAS - Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that it said could grow 43 percent this year.
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Blockbuster Inc. will rent high-definition DVDs only in the Blu-ray format in 1,450 stores when it expands its high-def offerings next month, dealing a major blow to the rival HD DVD format.
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The video rental company takes a pointed swipe at Netflix -- but will it matter?
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Stung by the recent success of rival Blockbuster Inc., online DVD rental pioneer Netflix Inc. battled back in the third quarter with lower prices that revived subscriber growth and catapulted its profit well beyond analyst expectations.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) on Wednesday posted a quarterly operating profit well below analysts&#39; estimates even before $1.