Audio Video News

Things are going from bad to worse for Blockbuster. Store closings, bleak financial statements, and now the company could potentially be dropped from the New York Stock Exchange. According to Forbes today, Blockbuster has fallen below the market...

After denying it was considering bankruptcy, Blockbuster is closer than ever to calling it quits. According to a recent story in the Wall Street Journal, auditors from PricewaterhouseCoopers LLP said in a financial filing with the Securities and Exchange Commission that they had "substantial doubt about the Company's ability to continue as a going concern."

The world's largest video rental chain wants to renegotiate its video supply agreements with Hollywood film studios. In late June, <A HREF="http://www.blockbuster.com">Blockbuster Inc.</A> chairman John Antioco announced to Wall Street analysts that his company is reassessing its distribution deals with the studios&mdash;including possibly letting some deals lapse when renewal time comes.

The next few months might prove to be the swansong of Blockbuster Video. According to the Los Angeles Times, the company has been discussing with movie studios its intentions to file for bankruptcy in September. Over the last week, Blockbuster...

To widespread derision, Blockbuster has reinstated late fees for program rentals.

DVD has done more than change the way people watch movies at home. It's also changed their rental habits. The format is so superior to VHS tape, and so affordable, that many movie fans are choosing to buy rather than rent.