Digital Trends - According to a new study conducted by the NPD Group, video-on-demand and streaming video from services like Netflix were on the rise during 2011 and 31 percent of all rentals in North America are attributed to digital delivery options. Alternatively, total physical DVD and Blu-ray rentals fell by 11 percent over the year due to the decline in Blockbuster as well as flat Netflix growth. Redbox is the only bright spot in the physical rental market as unit volume increased by 29 percent over 2010, thus increasing Redbox’s share of the rental market to 37 percent. Read more...
Blockbuster Movie Pass comes October 1 with TV, streaming
Dish Network made a bet on Internet video Friday with Blockbuster Movie Pass. The service bundles satellite TV with mailed movie, TV, and game rentals as well as Internet streaming. Pitched as a rival to Netflix and Qwikster, it takes advantage of the Blockbuster rights and TV streaming to give a wider catalog of Internet video; 10,000 movies in total will stream to TVs and computers, including from Starz and others who have held out on Netflix to shelter their TV business.... Read more...
Blockbuster bankrupt in September after Internet pressure
Blockbuster is on the verge of declaring bankruptcy under the weight of competition from Internet services, sources said late Thursday. Attendees of a top-level meeting told the LA Times that Blockbuster was warning major movie studios of a "pre-planned" Chapter 11 bankruptcy likely for mid-September. The move would give it a chance to reorganize, offloading at least some of its $920 million in debt and letting it out of lease requirements for at least 500 failing stores.... Blockbuster - Los Angeles Times - Netflix - DVD - Bankruptcy Read more...
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