Blockbuster Dumping Late Fees
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(CBS/AP) Blockbuster Inc., plans to eliminate late fees on games and movies as of Jan. 1. But there is plenty of fine print, which suggests that the nation&#39;s biggest movie rental company is still struggling
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The movie-rental company said Tuesday it will drop late fees for games and movies starting Jan. 1 - a positive move as seen by customers at the Blockbuster on Westheimer in Montrose.
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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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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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Blockbuster Inc. (BBI.N: Quote, Profile, Research) on Tuesday said it would eliminate late fees on movies and games in the latest attempt to jump-start a rental business
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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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DALLAS, Dec. 19  /PRNewswire-FirstCall/ -- Members of BLOCKBUSTER Total Access(TM), the new online/in-store DVD rental program from Blockbuster Inc. , can now try out up to 12 new games a year free.
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Blockbuster&#39;s saber rattling is the latest salvo in a bidding war for Hollywood. Blockbuster values its bid at around US$1 billion: $700 million in cash, plus the assumption of $300 million in debt.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) on Wednesday posted a quarterly profit well below analysts&#39; estimates even before $1.
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Desperately trying to mollify its restive customers, Blockbuster Inc. said yesterday that it plans to effectively eliminate late fees on game and movie rentals, starting Jan. 1.
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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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DALLAS Blockbuster is eliminating late fees on games and movies, but there&#39;s a catch: If you keep it too long, you&#39;ve bought it.
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Blockbuster Inc. introduced on Tuesday an Internet-only DVD rental service priced below a similar Netflix plan, sending Netflix shares down 9 percent as the online movie rental war heated up again.
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Blockbuster Inc.  on Wednesday posted a &#36;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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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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Blockbuster Inc. is in talks to buy movie download service Movielink, including long-term contracts with Hollywood's major studios to supply films and TV shows, for under $50 million in cash and stock, a source familiar with the situation said on Thursday.
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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.