Blockbuster Challenges Netflix Service
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Blockbuster is offering lower-priced plans for online movie rentals to compete with Netflix.
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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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Blockbuster has stepped up the pressure on Hollywood Entertainment by threatening to take its $700m (Â£362m) offer for the rival US video rental chain hostile if its management does not agree to negotiate.
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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 stepped up its battle for customers with rival Netflix on Tuesday by adjusting its online rental prices down.
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12/29/04- Blockbuster is stepping up the pressure in its bid to take over rival video rental chain Hollywood Video. Blockbuster says it will present its $11.50-per-share offer for Hollywood Entertainment directly
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Facing increasing pressure from its competitor, Netflix said Sunday that it will lower the price of several of its rental plans by $1 in order to match the current pricing scheme used by Blockbuster.
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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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A patent dispute challenged Blockbusterâs entry into online DVD rental. The company also signaled that the new business was taking a toll on its finances.
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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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Netflix subscribers who have unlimited DVD rental plans will be able to stream as many movies and television shows as they want online for no additional charge. The step is seen as a response to Apple's expected launch of an online movie rental service.
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Will secret 'sweetheart' deal stifle the competition? Blockbuster and Netflix have ended their patent litigation battle, Blockbuster revealed today. No terms have been announced, but in an SEC filing the video retailing giant said the settlement would not affect financial performance.â¦
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Blockbuster continues to take baby steps away from Total Access.
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Blockbuster tries to remove Hollywood Entertainment from its list of ferocious competitors.
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The company makes another move to compete against video on demand.
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Video chain Blockbuster Inc (BBI.N: Quote, Profile, Research) on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc.
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Blockbuster Inc. is cutting the cost of its monthly online rental service, the latest salvo in a price war with Netflix Inc. and Wal-Mart Stores Inc.