Netflix said it boosted profit by 26% in the third-quarter. The largest U.S. DVD-by-mail service gained new subscribers by expanding its digital and packaged-media offerings.
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Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year.
The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources.
Some creditors are unhappy with the performance of current CEO Jim Keyes, and want to find…
Continue reading Blockbuster Considers Switching CEO
Blockbuster Considers Switching CEO originally appeared on DailyFinance on Tue, 12 Oct 2010 07:25:00.
Filed Under: Company News, Technology, People, Media, Blockbuster, Credit
Netflix says it mistakenly coached extras used in a corporate video to tell the Canadian media how enthusiastic they were about the company’s videostreaming service, which launched in Canada this week.
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It’s easy to blame Blockbuster’s collapse, which culminated Thursday in a voluntary Chapter 11 filing, on the rise of streaming Internet video and kiosk rental options. But Netflix faced the same threats and it’s thriving. So …
Struggling video rental chain Blockbuster has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt.
The company filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York,…