Blockbuster


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Blockbuster

A real estate agent or company that convinces a homeowner to sell his/her property at a loss because racial and/or ethnic minorities are moving into the area. For example, a blockbuster may hire a Latino woman to walk around a neighborhood and act as though she lives there. Blockbusters seek both to profit from the resale of the house and to encourage people to buy homes in new developments. Blockbusting became common after desegregation, and became very controversial after its public exposure in the 1960s. By the 1980s, the practice had largely disappeared.
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Last month, Blockbuster chairman John Antioco told Wall Street analysts in a conference call that the retailer was willing to let one or more of the deals lapse, rather than renew them on terms that kept Blockbuster locked into an output commitment.
Viacom said it planned to spin off Blockbuster as a separate public company.
Antonio Romero, Blockbuster Entertainment's director of communications, maintains, however, that the land slated for the theme park is not worth preserving.
What Blockbuster discovered, says Ferry, is that customers were most turned on by the chance to preview multimedia titles--something no other retail chain offers.
Retail rates for the blockbuster sections vry from $70 to $95 per 1,000, printed and delivered, while national rates are "somewhat higher," Munch said.
Now his base is the nationwide chain of Blockbuster Video stores (1992 revenues: $1.
In another step towards enhancing the customer experience, Blockbuster is excited to announce the release of its new Blockbuster Android app that allows users to browse a catalog of more than 100,000 movie and game titles, manage their Blockbuster By Mail queue and even check for availability of the newest releases at their local Blockbuster store.
Blockbuster confirmed it had hired law firm Kirkland & Ellis but said speculation it was preparing to file for bankruptcy was wrong.
So whether you want a movie to keep the kids entertained or a chick flick for a girls' night in, you're sure to find a film that's just perfect for you at Blockbuster.
Blockbuster, however, said it would not scrap the fees - only do a better job of disclosing them.
Once onboard, however, rev sharing became critical to the health of the studios' vid biz, in part because of the minimum revenue guarantees they were able to extract from Blockbuster and in part due to the vidtailer's commitment to stocking secondary titles in depth.
Blockbuster and Video de Centroamerica are currently reviewing proposed sites for the locations of the initial stores, said Nick Shepherd, Blockbuster senior vice president, international;