UPDATE 2-Blockbuster cuts online price, challenges Netflix
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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. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to a charge, while  profit from its operations slid due to higher marketing costs,  falling rental demand and escalating competition.
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Blockbuster Inc., the largest US video-store chain, will stop charging late fees at its company-owned stores to try to stem three consecutive quarters of declining sales and fend off a challenge for customers from Netflix Inc.
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NEW YORK : Blockbuster, the leading US video rental chain, made a bid to swallow rival Hollywood Entertainment spotlighting the sector facing tough times due to emerging technology.
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TORONTO - Blockbuster Inc., the world&#39;s biggest video rental company, plans to eliminate late fees on movies and games in the new year.
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Blockbuster Inc. BBI.N on Tuesday  said it would eliminate late fees on movies and games in the  latest attempt to jump-start a rental business being hammered  by competition ranging from online companies to discount  retailer Wal-Mart.
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Blockbuster wastes no time in undercutting Netflix.
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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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Blockbuster is raising prices for its Total Access service, which lets people rent DVDs by mail and in stores. It is also raising prices for some existing customers who use the service a lot.
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Blockbuster is doing away with the most dreaded part of renting movies and games: the late fee. The move comes as Blockbuster battles lackluster demand.
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Blockbuster Inc said on Thursday it  will raise prices for its Total Access subscription plans and  lower prices for two DVD By Mail plans in an effort to pare  losses and boost subscribers.
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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 tries to remove Hollywood Entertainment from its list of ferocious competitors.
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NEW YORK -- Faced with growing competition in the home video market, Blockbuster addressed its No. 1 consumer complaint Tuesday, saying it will end late fees on rented videos and games in January.
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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.  in an escalating battle for online subscribers, Netflix Chief Executive Reed Hastings said.
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Netflix Inc. expects its profit to sag the rest of this year as the online DVD rental leader absorbs the cost of lowering its the most popular subscription plan to ward off an intensifying threat from rival Blockbuster Inc.
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Blockbuster, the video rental company, yesterday said it plans to eliminate late fees as the chain struggles to stem the decline in the film rental market.