Hastings: Netflix Deals Blockbuster New Blow As It Slashes Fees
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Clicks versus bricks--the sequel. Netflix (nasdaq: NFLX - news - people ) on Monday struck a blow at movie-rental rival Blockbuster (nyse: BBI - news - people ). The Internet service led by Chairman, President
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Blockbuster Inc. introduced a new Internet-only DVD rental service on Tuesday priced below a similar Netflix Inc. plan, sending shares of Netflix down almost 8 percent as the online movie rental war heated up again.
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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.
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TORONTO (CP) -- Blockbuster Inc., the world&#39;s biggest video rental company, has presented a promise to eliminate late fees on movies and games in the new year.
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Cutting prices at Netflix is a sequel you don't want to see.
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CHICAGO (CBS.MW) -- The online video-rental wars are starting to get brutal, as Blockbuster redrew the battle line with a sharp price reduction for its direct-mail service.
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TORONTO (CP) - Blockbuster Inc., the world&#39;s biggest video rental company, has presented a promise to eliminate late fees on movies and games in the new year.
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Two fierce rivals in the DVD rental business have called a truce - at least when it comes to patents. Blockbluster has agreed to settle with Netflix over charges that the brick and mortar retailer infringed on Netflix's online DVD rental patents when it launched Blockbuster Online.
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Video rental chain Blockbuster Inc.  said on Wednesday it settled a patent dispute with rival Netflix Inc.  that challenged Blockbuster's entry into online DVD rental, but it signaled that the new business was taking a toll on its finances.
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The leader in online DVD rentals expects its profit to sag the rest of this year as it absorbs the cost of lowering its subscription plan to ward off a threat from Blockbuster.
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Video chain Blockbuster Inc on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc. that sparked a stock a sell-off of both companies' shares.
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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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Shares of Netflix Inc. (NFLX) plunged 40.2 percent before the bell Friday, the morning after the online DVD rental company said it would charge a lower subscription fee as of Nov. 1. On
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Blockbuster Inc. 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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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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Netflix and Blockbuster make nice, but it can't be nice.
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Netflix executives told analysts during a conference call Thursday that it was slashing its monthly fees by 18 percent and postponing its plans to expand in Europe so it could focus on meeting the threat from Amazon.