Blockbuster ups ante in video price battle
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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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Blockbuster (BBI:NYSE - news - research) Thursday has made a bid to buy its chief rival, Hollywood Entertainment (HLYW:Nasdaq - news - research), a move that would extend its position as the largest movie rental chain.
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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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Blockbuster Inc.  on Monday put  its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1  video rental chain said it would boost its inventory of the  high-definition discs to 1,700 stores by mid-July.
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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.
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DALLAS -- Blockbuster Inc. , facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp. in a bid to combine the two biggest players in the movie-rental industry.
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Blockbuster Inc., the largest U.S.  video rental chain, on Thursday said it has offered to buy  competitor Hollywood Entertainment Corp. for about $700  million, topping Hollywood's agreement with a private buyout  firm.
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LOS ANGELES  - To the joy of couch potatoes nationwide who resent rushing to the video store to return movies, video rental giant Blockbuster says it will do away with the dreaded late fees.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday unveiled plans to launch a  $1 billion hostile bid for Hollywood Entertainment Corp.  HLYW.O if the smaller rival kept spurning its advances.
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Blockbuster Inc. has decided that bigger is better in the battle to succeed against new technologies and a growing list of competitors.
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Global video giant Blockbuster, which is struggling for growth as the internet transforms the movie rental business, said it&#39;s preparing to launch an unsolicited takeover bid for rival Hollywood Entertainment.
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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 Inc. launched a hostile $991.6 million offer yesterday to acquire smaller rival Hollywood Entertainment Corp. , escalating a two-way takeover battle for the video rental chain.
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By Adrian McCoy, Pittsburgh Post-Gazette  Jan. 28--Good news for couch potatoes: Netflix and Blockbuster are  battling to be at the forefront of movie rentals, offering services to keep up  with increasing requests for on-demand entertainment.
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Blockbuster Inc. , the largest U.S. video rental chain, on Wednesday cut the price for its online rental service, undercutting its rivals in an escalating battle for online customers.
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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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As part of a special promotion, Blockbuster has cut prices again. But will it be enough?