Blockbuster Reports Q1 Loss
Posted by Steve Fravel on Friday, May 14, 2010 · 
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Blockbuster, working hard to increase revenues from its multichannel distribution service, came up short in the first quarter of 2010. The DVD rental service reported a loss of $65.4 million compared to a profit of $27.7 million for the same period the previous year.
Citing encouraging discussions with financial and strategic partners as well as a 28-day advantage on competitors Redbox and Netflix, Blockbuster CEO Jim Keyes said that the company has “achieved a number of goals to establish a significant competitive advantage going forward.” Read more