DALLAS, Oct. 9, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring biopharmaceutical company Blockbuster Inc. (NYSE:BBI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Blockbuster Inc. (NYSE:BBI) should be of particular interest to comparable entertainment companies: Netflix Inc (Nasdaq:NFLX), Hastings Entertainment Inc. (Nasdaq:HAST), Amazon.com Inc. (Nasdaq:AMZN) and Movie Gallery Inc. (OTCBB:MVGR).
The full report is available at: http://www.stockpreacher.com/n/BBI
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Blockbuster Inc. (BBI) operates and franchises entertainment-related stores in the United States and a number of other countries. The Company also operates an online service offering rental and sale of movies delivered by mail and digital delivery through blockbuster.com. During the fiscal year ended January 4, 2009 (fiscal 2009), BBI provided in-home rental and retail movie and game entertainment, with more than 7,400 stores in the United States, its territories and 20 other countries. The Company operates through two segments: Domestic and International. Message Board Search for BBI: http://www.boardcentral.com/boards/BBI
In the report, the analyst notes:
"BBI, which is facing tough competition from Netflix Inc. and Coinstar Inc.'s Redbox, plans to close up to 960 stores by the end of next year. The Company said in a regulatory filing last month that along with the conversion of certain stores to outlets and lease mitigation or termination efforts, total store closures would be in the range of 1,335 to 1,560. The company expects a one-time net working capital benefit of $26 million from the store closures.
"BBI announced a strategic alliance with cable broadband Multi-System Operators (MSOs) Suddenlink Communications and Mediacom Communications Corporation earlier this month, this to set the stage for BBI to bring its multichannel offering to Suddenlink and Mediacom customers. The alliance is scheduled to roll out in phases beginning in September in Suddenlink's Charleston, W. Va., and Mediacom's Des Moines, Ia., service areas. Initially, BBI will team up with Suddenlink and Mediacom to broaden the appeal and recognition of each MSO's video on demand movie service, rebranding key aspects of their service under the BLOCKBUSTER brand."
To read the entire report visit: http://www.stockpreacher.com/n/BBI
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