Blockbuster

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Netflix in Heated Race for Online Movies

Company offers 5% of flicks online, and stays relevant by picking up indie fare

(Newser) - They beat Blockbuster, but can Netflix outpace rivals in the race to show downloaded movies on TV? "It's like a three-act play, and we're in the opening minutes of the second act," said Netflix exec Steve Swasey. Act two is where startups like Vudu take on giants like...

Netflix Finds Itself in House of Business Horrors

Despite profit growth, flurry of grim news troubles Wall Street

(Newser) - Netflix faced a second wave of bad news today as its stock price plummeted and its website remained inaccessible to visitors. The company announced price cuts Sunday and yesterday absorbed a triple blow: lowered sales expectations, a subscriber decline, and a Wall Street downgrade. The website crash then left the...

Blockbuster Bets on Blu-Ray
Blockbuster Bets on Blu-Ray

Blockbuster Bets on Blu-Ray

It's Betamax all over again as rental giant abandons rival HD DVD format

(Newser) - Movie rental giant Blockbuster picked sides today in the hotly contested battle over high-definition DVDs. Starting in July, Blockbuster will buy all of its new high-def DVDs in Sony's Blu-ray format, a damaging blow to rival Toshiba's HD DVD, which the rental company had stocked jointly until now.

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