Summary
Video rental chain Blockbuster was yesterday nursing steep second- quarter losses, as it complained that Hollywood was producing more misses than hits. Blockbuster, which has more than 9,100 stores worldwide, scrapped its previous guidance for its annual results, after plunging pounds 31.9m into the red during the three months to June 30.
This compared with profits of pounds 27.1m a year earlier and reflected a 'substantially weaker home video release schedule', the US company said.See the full content of this document
Extract
Battling Video Hire Chain Puts Hope in Net
Problems are also mounting from piracy in some of its global markets, as viewers download films ill...
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