blockbuster

A Securities and Exchange Commission filing has revealed Blockbuster's plans to close up to 960 retail store locations by the end of 2010 as it attempts to makes its operation more financially stable.

According to the company's filing, it plans to close all unprofitable stores, while refocusing its efforts "to improve four-wall profitability." To do so, the company first analyzed its over 7,000 stores to determine if they were profitable or not. A whopping 18 percent of Blockbuster's stores are unprofitable. The remaining stores are profitable.

Prior to making the decision to close some of its unprofitable locations, Blockbuster planned to close 280 to 300 stores as part of a grouping it calls, "normal closures." Stores added to the "accelerated closures" category will also be closed by the end of this year. According to Blockbuster, the number of accelerated closures will equal 300 to 385 locations.

Next year will be a slightly less active year for store closures. Blockbuster indicated in its SEC filing that 2010 will bring 100 to 125 normal closures and 130 to 150 accelerated closures. By the end of 2010, it expects to have closed 810 to 960 retail locations.

As troubling as that might sound, Blockbuster spokesperson Randy Hargrove said in a phone conversation that a certain amount of measured skepticism should be exercised. According to Hargrove, these figures are not guaranteed.

"All these stores are candidate stores," Hargrove said. "Although we may in fact close that many stores, if we can renegotiate leases or remodel stores to make them more profitable, that number might go down."

But Blockbuster's closure story doesn't quite end there. Further down in the filing, Blockbuster indicated that 275 to 300 stores are subject to the company's "lease mitigation/termination efforts." Another 250 to 300 stores might be converted into outlets. If successful, that would bring Blockbuster's grand total of rental store closures to 1,335 to 1,560, or up to about 22 percent of all the stores currently in operation.… Read more

After inking a deal with Samsung last month to deliver movies directly to your home, Blockbuster announced on Tuesday that its OnDemand service is also coming to your mobile phone.

Blockbuster OnDemand, to be available on "select" Motorola mobile phones, will provide users with access to "thousands" of films, the company said in a statement. Users of the upcoming application, whose release date is yet to be announced, will also be able to choose films for home delivery or reserve titles for in-store pickup.

According to Blockbuster, the Motorola deal is yet another element in its strategy of providing consumers with options to get its movies anywhere, at any time.

For its part, Motorola believes that offering Blockbuster movies on its handsets will help it regain some of its appeal. The company once sat atop the mobile-phone industry. Today, it's a shadow of its former self. And it's trying desperately to regain some market share.

That might be coming through Android-based devices. Motorola has already signed on to deliver Android phones. Blockbuster's app might become a component in that strategy. But by competing with the iPhone and its many multimedia capabilities, Motorola and Blockbuster will be facing an uphill battle.… Read more

Now you can get your weekend 404 fix with throwback episodes coming at ya every Saturday! We're always open to suggestions on which episodes you guys want to hear, so hit us up at th404(at)cnet[dot]com and let us know your favorites.

This episode is dedicated to you and your far-reaching obsession with foodstuffs. Oh and speaking of ugly things, today we talk about Michelle Malkin and take an in-depth look at the miracle of personal deep frying, kooky Japanese space beer, the marketing morons at Blockbuster, and "Sex and the City" again! One … Read more

As the undisputed heavyweight champion director of such classic '80s flicks as "Sixteen Candles," "Ferris Bueller's Day Off," "Weird Science," "The Breakfast Club," and more, John Hughes made a tremendous impact on the industry. We're all still shocked by his passing, so we take a moment to discuss how his movies have affected our lives. You'll be dearly missed, John!

Speaking of movies, Wilson checked out "Thirst," and believe it or not, he actually enjoyed it! If you're a fan of vampire movies or the unique directorial style of Park Chan-Wook, whose previous films include "Sympathy for Mr./Lady Vengeance" and "OldBoy," you'll definitely like this new thriller. Vampires: so hot right now.

The next segment is all about Netflix coming to the iPhone and movie rental kiosks in general. Somehow, Wilson had it in his head that the Netflix delivery service was on its way out two years ago, but he has the right idea predicting that soon, all movies will be delivered online instead of in person.

We also get to a few Calls from the Public, as well as the winner of our most recent "Choose Justin's next pair of glasses" competition!" We think you'll be happy with the winner, so be sure to watch the video for all the commentary--surprisingly, Jeff and Wilson actually agree with the decision!

Finally, don't forget to check us out today on Gadgets and Games, LIVE at 2 p.m EDT. We'll be chatting with our good buddy Clayton Morris, host of "Fox and Friends," about tech, gaming, unboxings, etc. We'll also post the show online next week, so don't worry if you can't watch it live. Have a great weekend everybody!

Blockbuster OnDemand is coming to a long list of Samsung TV and home theater products later this fall. The online pay-per-view streaming service will be added to Samsung's online-enabled HDTVs, Blu-ray players, and Blu-ray home theater systems via future firmware updates. As part of the deal, Blockbuster will also sell some of the Samsung products in its video rental stores.

According to Samsung, the Blockbuster OnDemand feature will be added to "Samsung LCD and Plasma HDTVs Series 650 and above, and Samsung LED HDTVs Series 7000 and above," as well as ""select 2009 Samsung Blu-ray … Read more

When Netflix announced on Monday that it has decided to raise the subscription prices for those receiving Blu-ray Disc titles--10 percent of its subscribers, according to the company--the predictable occurred: people lashed out, saying Netflix is gouging customers.

In case you missed it, the new fee structure tacks on $1 per tier of the plan you're on. So if you have a one-film-at-a-time plan (two-movie allowance per month), your monthly cost has risen from $4.99 to $5.99. If you want three films at a time (unlimited movie allowance per month), your cost has risen $4, from $16.99 to $20.99. Fees are up substantially on other plans too.

Predictably, many looked at the announcement as Netflix capitalizing on consumers. Those who are upset with the release say the increase is too high. And since Netflix doesn't need to pay for packaging, and it probably gets a discount on media, given the number of copies it needs, they believe that the company is gouging customers.

I contacted Netflix for comment regarding this contention. A representative responded to me within a few minutes. He said the cost of Blu-ray discs is 30 percent higher than that of DVDs, and more of the company's customers are switching to Blu-ray, generating higher operating expenses. A $1 additional charge for Blu-ray access on all plans wasn't cutting it any longer, he said.

The representative then directed me to the company's official blog post on the matter for more information. So after all that, we still don't know how much Netflix pays.

But regardless of the motives behind this deal or the fact that some people are upset, we can't look at Netflix pricing in a vacuum. Quite the contrary, we need to compare its pricing to the competition to determine if it's still the most affordable option on the market.

Much to my surprise, Netflix might have committed an incredible blunder that it needs to address immediately: Blockbuster brick-and-mortar stores now have the more affordable option for standard Blu-ray rentals.… Read more

Blockbuster and TiVo announced a deal Wednesday that will make between 5,000 and 10,000 films available to TiVo users. Customers will be able to rent ($4) or buy ($20) films, including current major titles. It's about time: Netflix and Amazon's on-demand services are already available on TiVo. Netflix offers approximately 12,000 older and less compelling titles on the box, but Netflix users don't need to pay anything beyond their monthly fee to access movies on the DVR. Those who want to use Amazon's service, which already offers most of the films Blockbuster will stream, pay about the same rental fees as Blockbuster will charge.

I've called Blockbuster to task on its late release of contemporary technology, but I wanted to give the company a chance to respond, so I discussed what I consider Blockbuster's shortcomings with its newly installed senior vice president of digital entertainment, Kevin Lewis.

Lewis contends that his company is more than just a movie rental chain. He says Blockbuster is an entertainment retailer, which is why it wanted to make its service available to TiVo users.

"We are the only entertainment retailer with the ability to serve you a movie where you want, when you want it, how you want," Lewis said. "Whether it's at one of our stores, through virtual kiosks, or via downloads on a box like the TiVo, we can provide you with the most robust service." He told me that unlike Netflix, Amazon, and any other competitor, Blockbuster has the opportunity to service its customers across multiple channels, making its deal with TiVo all the more compelling.

"We recognize that our consumers don't act the same way every time because their needs are different," Lewis said. "Because of that, we plan to go wherever the consumer goes. And although Netflix and Amazon are already on the TiVo box, when we get there, users will know that we're the only company of the three that can offer them a movie no matter how they want it. Our competitors don't have that multi-channel capability. It's our special sauce."… Read more

Ron Richards from iFanboy joins us as we finish today's show with a discussion of "geek" vs. "nerd" and decide "dork" is the next wave. We also talk about a cow that poops money, also known as Jonathan Coulton's business model. And we get mad at AT&T.

AT&T working with RIAA http://news.cnet.com/8301-1023_3-10203799-93.html

How it works for a real musician http://www.jonathancoulton.com/2009/03/24/payday/

John Mellencamp: Back In The Good Old Days… … Read more

Blockbuster will become the latest Internet video-on-demand service to appear on TiVo DVRs.

The two companies announced late Tuesday that they are working to make Blockbuster's service available on all TiVo Series2 and Series3 DVRs (including the HD and HD XL models) in the second half of 2009.

The announcement marks the first non-PC device to support both Blockbuster OnDemand and its archrival, Netflix. TiVo DVRs also support Amazon Video On Demand, YouTube, Jaman, and some Disney movies via CinemaNow.

In addition to Blockbuster's online video service being available on TiVo, Blockbuster will sell TiVo hardware at its … Read more