Blockbuster News
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- Fri, 11 Mar 2011 19:05:05 +0000: Court Approves Bidding Procedures for Sale of Blockbuster - Blockbuster Inc. News Release
Major Parties Reach Agreement on Revised Stalking Horse Bid;
Auction to be Conducted under Section 363
Blockbuster Continuing to Serve Customers in the Ordinary Course
DALLAS, Mar 11, 2011 (BUSINESS WIRE) --Blockbuster Inc. (OTHER OTC: BLOKA, BLOKB), a leading global provider of
rental and retail movie and game entertainment, announced that the U.S.
Bankruptcy Court for the Southern District of New York has authorized
Blockbuster to conduct an auction process for the Company. The auction
process is designed to achieve the highest and best offer for the
Company's assets and would be conducted under the Court's supervision
and in accord... - Mon, 21 Feb 2011 20:49:11 +0000: Blockbuster Initiates Process to Sell Company, Enters into "Stalking
Horse" Purchase Agreement with Investor Group - Blockbuster Inc. News Release
Files Motion Seeking to Conduct Auction under Section 363
Blockbuster Continuing to Serve Customers in the Ordinary Course
DALLAS, Feb 21, 2011 (BUSINESS WIRE) --Blockbuster Inc. (OTHER OTC: BLOKA, BLOKB), a leading global provider of
rental and retail movie and game entertainment, today announced that it
has initiated a process to sell the Company, which it believes
represents the best means of maximizing value for Blockbuster's
stakeholders.
In conjunction with this process, Blockbuster has entered into an asset
purchase agreement with a "stalking horse" bidder, Cobalt Video Holdco,
LLC, a limited liability company formed by funds mana... - Tue, 02 Nov 2010 22:36:16 +0000: Looking for a Convenient Way to Get the Latest Movies? - Blockbuster Inc. News Release
Blockbuster Leads the Way with Almost 100 Different Devices
DALLAS, Nov. 2, 2010 /PRNewswire via COMTEX/ --As of today, consumers can watch movies on almost 100 consumer electronic and mobile devices, thanks to BLOCKBUSTER On Demand(R). With the addition of six new consumer electronics partners and seven devices this fall, BLOCKBUSTER On Demand consumers have even more options to get instant access to all the newest movies at home and on the go.
With BLOCKBUSTER On Demand, movie lovers get instant access to digital movies on the same day as DVD/Blu-ray. There are no monthly fees, and the service is available on PCs, laptops and almost 100 different Blu-ray players, smartphones, home ... - Fri, 29 Oct 2010 14:07:23 +0000: Blockbuster(R) Conducts National Casting Call: 4,000 Employees To Be Hired to Meet Holiday Shoppers' Needs - Blockbuster Inc. News Release
World's Largest In-home Movie and Game Entertainment Company to Staff Up for Busiest Season
DALLAS, Oct 29, 2010 /PRNewswire via COMTEX/ --Blockbuster announced its plans to hire approximately 4,000 seasonal employees to staff its Blockbuster stores nationwide this holiday season. In previous holiday seasons, the company has hired thousands of employees to help shoppers find the right movie, game or merchandise for renting or gift-giving.
Blockbuster is a popular destination during the holidays for renting and buying movies, as well as for Christmas shopping. According to Craig Mabrey, director of recruiting for Blockbuster, what differentiates Blockbuster from its retail and industr... - Wed, 27 Oct 2010 17:12:20 +0000: Blockbuster Receives Final Court Approval of 'DIP' Financing - Blockbuster Inc. News Release
DALLAS, Oct 27, 2010 /PRNewswire via COMTEX/ --Blockbuster Inc. (OTHER OTC: BLOKA, BLOKB), a leading global provider of rental and retail movie and game entertainment, today announced that it has received final authorization from the U.S. Bankruptcy Court for the Southern District of New York to obtain $125 million in "debtor-in-possession" (DIP) financing from certain of the Company's senior noteholders. This funding is available to help Blockbuster meet its obligations to customers, suppliers and employees in the ordinary course as it implements a plan to recapitalize its balance sheet and substantially reduce debt.
The Court had previously authorized Blockbuster access to $20 million...
