At Blockbuster, 28% Profit Dip and Dispute Over the Chiefâs Pay
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The movie rental company said its fourth-quarter earnings fell largely because of the cost of starting and promoting its online rental business.
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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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Blockbuster Inc. said on Tuesday it remains committed to acquiring Hollywood Entertainment Corp. despite an &#36;850 million bid for the No. 2 video chain by Movie Gallery Inc. last week.
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Dallas-based Blockbuster Inc. announced Tuesday that itâs doing away with late fees starting Jan. 1. Watching a movie may now become the relaxed activity
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The casino operator posts a drop in earnings amid construction.
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DALLAS -- 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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Blockbuster continues to take baby steps away from Total Access.
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Video rental leader Blockbuster cut the price of its online service Wednesday, the latest shot in an escalating price war with Netflix and Wal-Mart.
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Shares of Blockbuster Inc. plunged nearly 17 percent on Tuesday after a new threat emerged to the world's largest chain of movie-rental stores: Apple Inc. announced it now offers movie downloads via iTunes.
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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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Standard &amp; Poor&#39;s on Thursday said it may cut its ratings on Blockbuster Inc.(BBI.N: Quote, Profile, Research) deeper into junk, citing the company&#39;s offer to buy competitor Hollywood Entertainment Corp.
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its  profit margins were lower.
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NEW YORK -- Blockbuster appears to have kicked off a bidding war for Hollywood Entertainment on Thursday after the No. 1 video retailer said it&#39;s prepared to offer about $742 million for its closest, albeit still distant, rival.
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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.
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Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for &#36;700 million.
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Blockbuster Inc. threatens Hollywood Entertainment Group with a hostile takeover if the board does not decide on negotiating over the its tender offer for the purchase of all outstanding shares at the price of $11.50 a share in cash.
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Blockbuster Inc. BBI.N on Wednesday  posted a quarterly operating profit well below analysts'  estimates even before $1.5 billion in one-time charges, as it  faced falling movie rental demand and higher costs to counter  competition.