The Australian - World Business News - Mar 17, 2010Blockbuster, Inc. (BBI)
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Michael Pachter
at
Wedbush Morganchallenges that have increased in recent months with the rapid pace of change in movie distribution. Movie studios are showing increased willingness to release films via video on demand on the same day they're released on DVD, which threatens what
Blockbuster had claimed as one of the remaining competitive advantages of its vast store base.
Wedbush Morgan analyst Michael Pachter said Blockbuster may be able to survive for a few years if it undergoes a voluntary bankruptcy filing and can keep creditors at bay. In the long run, though, he said, "they're probably going away". As of ,
Blockbuster said its total liabilities were $US314.3 million ($340m) more than its total assets
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challenges that have increased in recent months with the rapid pace of change in movie distribution. Movie studios are showing increased willingness to release films via video on demand on the same day they're released on DVD, which threatens what <span class="company">Blockbuster</span> had claimed as one of the remaining competitive advantages of its vast store base.<span class="sent"> Wedbush Morgan analyst <span class="analyst">Michael Pachter</span> said <span class="company">Blockbuster</span> may be able to survive for a few years if it undergoes a voluntary bankruptcy filing and can keep creditors at bay.</span> In the long run, though, he said, "they're probably going away". As of , <span class="company">Blockbuster</span> said its total liabilities were $US314.3 million ($340m) more than its total assets....Movie studios are showing increased willingness to release films via video on demand on the same day they're released on DVD, which threatens what <span class="company">Blockbuster</span> had claimed as one of the remaining competitive advantages of its vast store base.<span class="sent"> Wedbush Morgan analyst <span class="analyst">Michael Pachter</span> said <span class="company">Blockbuster</span> may be able to survive for a few years if it undergoes a voluntary bankruptcy filing and can keep creditors at bay.</span> In the long run, though, he said, "they're probably going away". As of , <span class="company">Blockbuster</span> said its total liabi
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