Blockbuster

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Netflix Finds Itself in House of Business Horrors

Despite profit growth, flurry of grim news troubles Wall Street

(Newser) - Netflix faced a second wave of bad news today as its stock price plummeted and its website remained inaccessible to visitors. The company announced price cuts Sunday and yesterday absorbed a triple blow: lowered sales expectations, a subscriber decline, and a Wall Street downgrade. The website crash then left the...

Blockbuster Bets on Blu-Ray
Blockbuster Bets on Blu-Ray

Blockbuster Bets on Blu-Ray

It's Betamax all over again as rental giant abandons rival HD DVD format

(Newser) - Movie rental giant Blockbuster picked sides today in the hotly contested battle over high-definition DVDs. Starting in July, Blockbuster will buy all of its new high-def DVDs in Sony's Blu-ray format, a damaging blow to rival Toshiba's HD DVD, which the rental company had stocked jointly until now.

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