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More Articles By Danny King

  • Amazon to buy back 3.2% of shares
    FEB. 11 | Amazon.com said last week it will buy back as much as $1 billion in stock by the end of next year. The world’s largest online retailer also will repurchase about $1.06 billion in debt. More
  • Lionsgate DVD revenue falls 7.5%
    FEB. 11 | Lionsgate Entertainment’s fiscal third-quarter home entertainment revenue fell 7.5% as current DVD releases failed to keep pace with year-earlier titles, the indie studio said today. More
  • Netflix to back Blu-ray exclusively
    FEB. 11 | Netflix will phase out Toshiba’s HD DVD by the end of the year in favor of Sony’s competing Blu-ray format, the company said today. More
  • Redbox to add kiosks in 2,700 Wal-Marts
    FEB. 7 | DVD rental kiosk operator Redbox will add machines in about 2,700 U.S. Wal-Mart stores by the end of next year. The plan will boost the number of Redbox kiosks by about 40% and put its machines in almost all of the world’s largest retailer’s U.S. stores. The agreement will give Redbox at least 9,400 kiosks by next year, more than four times the number of Redbox’s next-largest competitor, closely held TNR. More
  • Netflix: Higher prices for high-def a possibility
    FEB. 6 | Netflix hasn’t ruled out raising prices on high-definition rentals if a resolution to the format war between Sony’s Blu-ray Disc and the Toshiba-led HD DVD drives costs up, according to chief financial officer Barry McCarthy. More
  • DVD sales drop 9% in Disney's fiscal Q1
    FEB. 5 | Walt Disney Co.’s fiscal first-quarter earnings fell 27% from a year earlier, including DVD sales that were 9% lower than the comparable prior year period. Home entertainment titles such as Ratatouille (pictured) and Pirates of the Caribbean: At World’s End failed to match the success of year-earlier releases, including Cars and Pirates of the Caribbean: Dead Man’s Chest . More
  • News Corp. income up 1.2% in fiscal Q2
    FEB. 4 | News Corp.'s fiscal second-quarter earnings rose 1.2% on more TV advertising revenue from primetime and sports programming. But the company is expecting Blu-ray Disc and DVD sales to help lift revenue later in the year. More
  • Amazon buys Audible.com
    FEB. 1 | Amazon.com agreed yesterday to buy audiobook disc seller Audible.com for $300 million, which will broaden Amazon's digital-book-delivery methods. More
  • Netflix to buy back 6.1% of shares
    FEB. 1 | Netflix will buy back as much as $100 million in shares by the end of the year, the company said yesterday. More
  • Netflix cooks up  Dinner for Five exclusive
    JAN. 31 | Netflix will co-produce the 50th episode of Dinner for Five with the Independent Film Channel, host Jon Favreau and Swingers co-star Vince Vaughn. More
  • Amazon fourth-quarter income doubles
    JAN. 30 | Amazon.com, the world’s largest online retailer, said fourth-quarter profit met analysts’ expectations as electronics and other merchandise surged during the holiday season. More
  • Redbox tripled kiosks in 2007, expands in Midwest
    JAN. 29 | No. 1. DVD rental kiosk operator Redbox is further expanding its presence in the Midwest by adding machines in HyVee and Buehler’s supermarkets. More

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