Showing posts with label Netflix. Show all posts
Showing posts with label Netflix. Show all posts

Sunday, August 5, 2007

Netflix shares poised to rally: Barron's

(Reuters) - "At some point, Blockbuster will cry uncle and raise prices, and Netflix shares will almost certainly rally," said Barron's in its technology column.




Netflix might also be an acquisition target, notably by Amazon.com , said Barron's.


Read more at Reuters.com Hot Stocks News

Thursday, July 26, 2007

Blockbuster flips to loss on higher spending

(Reuters) - NEW YORK, July 26 - Blockbuster Inc. , the No. 1 U.S. movie rental chain, returned to a quarterly net loss on spending to enable its online DVD rental service to grab market share from rival Netflix Inc .



Blockbuster reported a second-quarter loss of $35.3 million, or 20 cents per share, compared with a profit of $68.4 million, or 31 cents per share, in the year-ago quarter.


Read more at Reuters.com Market News

Monday, June 18, 2007

Blockbuster favors Blu-ray DVDs to HD DVD

(Reuters) - Of some 8,000 stores worldwide, about 250 of them carry both formats, and Blu-ray rentals are "significantly outpacing HD DVD rentals," the company said in a statement.




Blockbuster rivals such as Movie Gallery Inc. and online rental company Netflix Inc. also offer both Blu-ray and HD DVD formats.


Read more at Reuters.com Business News