The Blockbuster Video chain has one remaining store keeping it from going extinct as news comes that the last two stores in Alaska are set to close. Once having dotted the landscape no matter where you went, the Blockbuster Video chain has been dying for many years now. While the majority of the stores closed years ago, there have been a few holdouts, especially in Alaska where...
So there's this guy, Jay-Z, who mentored another guy, Kanye West. They both became fairly successful artists. One day, probably while getting drunk at a Parisian fashion show, they suddenly decide to do an album together. Get this, though: They are going to make it a digital exclusive for the first week. Go to your local Virgin Megastore (snort) and you won't see it there....
Typically when a company drops $320 million on a purchase, you would think they would have a clear idea of their plans. To hear Dish Network CEO Charlie Ergen talk about the fate of Blockbuster Video, that wouldn’t seem to be the case. Speaking during the company’s quarterly earnings call with analysts on Monday, Deadline reports that Mr. Ergen sent some very mixed signals about what...
Satellite television provider DISH Network has won the auction to purchase the bankrupt Blockbuster Video chain. The winning bid was for $320 million with $228 million of it being in cash. As we reported on Monday, Blockbuster Video was up for sale due to its Chapter 11 bankruptcy filing dating back to last Sept. While some bidders, including the infamous Carl Icahn, were looking to...