BLOKA.PK, BLOKB.PK, CRWE.OB Stock Market News Update on Blockbuster, Inc & Crown Equity Holdings
Mark your calendars for June 30th. That’s the anticipated pilot program Blockbuster (BBI) is launching which will begin to distribute video game titles along with its movie by mail service to limited subscribers. The program will initially kickoff in Cleveland and should be completely rolled out by the end of the year.
Voicedup dishes out on: Blockbuster, Banking sector, Citigroup
Blockbuster (BBI) shares ended the day at 22 cents per share and trading was halted today. The shares dropped over 77% today amid news that the company is consulting with advisers about raising capital and restructuring massive debt obligations. Blockbuster is saddled with debt due to the spin off from Viacom. I have believed for awhile now that the company is headed for bankruptcy.
Netflix--Pushing the Envelope Both Today and in the Future
In much the same way it upended online distribution of music, Apple may now be poised to redefine the way movies are rented online. According to published reports, Apple (AAPL) and Fox (NWS) plan to bring movie rentals to Apple's popular iTunes Store, and through that to its family of iPod media players and the iPhone.