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.
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;
