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...company-owned franchised stores 25 countries (about 62% are in the US). The company rents more than 1 billion videos, DVDs, and video games at its Blockbuster Video outlets each year. It also operates Blockbuster Online and has marketing partnerships with companies such as Time Warner and DIRECTV. At one point entertainment giant Viacom (now CBS Corp.) owned about 80% of Blockbuster. The business never provided the solid profits Viacom had hoped for, and the media giant finally spun off its entire stake in Blockbuster to the public in late 2004.
Shares were down 4% since posting a drop in fourth quarter profits.
BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio. Investors seeking the most up to date information on Blockbuster Inc. are invited to sign up for a free complimentary subscription to www.bellwetherreport.com. No credit card...
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