STORY TOOLS
Blockbuster's credit agreement trimmed
RELATED ARTICLES
October 17, 2007
Another Look at Netflix's TV Box
What would set-up box actually mean for users, and for Netflix?For one thing, it wouldn't address the main hu...
More
October 16, 2007
Netflix Set Top Box Rumor Returns
Netflix has filed paperwork to include set-top TV boxes under the Netflix logo, once again fueling (reserved) speculation tha...
More
October 10, 2007
Netflix Instant On, Instant Hit?
Netflix sees great potential in its relatively new feature that allows subscribers to watch a movie title instantly on their...
More
October 10, 2007
Netflix to Showcase Instant On Feature
The company that staked its claim on mailing DVDs to monthly subscribers now wants to showcase it burgeoning ability to strea...
More
Mr. Magorium’s Wonder Emporium star Zach Mills was named best emerging actor at the KIDS FIRST! award show in Malibu on Oct. 7.
Arts Alliance America recently held a screening of Run Granny Run with film star Doris “Granny D” Haddock in Keen, N.H.
Sony and Reef Check celebrated the DVD release of Surf’s Up at Malibu Bluffs Park in Malibu, Calif., on Oct. 6.
» VIEW ALL GALLERIES
» VIEW FEATURED GALLERY
Advertisement
CEO considers smaller stores
By Cindy Spielvogel -- Video Business, 7/18/2007
JULY 18 | Blockbuster’s revolving credit agreement was reduced to $450 million, down from $500 million, and stiffer repayment terms were instituted.
The company had previously disclosed it was seeking to amend the profitability requirements in its credit agreement because of its significant investment in Total Access and need to deal with the “challenging in-store industry.”
Meanwhile, in an article in the New York Times, newly appointed Blockbuster CEO James Keyes said he is considering reducing the footprints of some stores, tailoring the product mix to each store and relying more heavily on data and automation.
Blockbuster’s stock price fell from $4.46 to $4.34 in morning trading.
