Tag Archive: Blockbuster

In a filing with the Security and Exchange Commission, video rental chain Blockbuster, the company admits economic hard times and a tight financial situation have raised “substantial doubt about our ability to continue as a going concern”—and the company might be forced to close some of its retail locations in order to cut costs and make ends meet. The company recently took out another $250 million in credit—on top of an existing debt of $780.9 million—in an effort to shore up its bottom line: the new debt comes to term September 30, 2010.

DVR pioneer TiVo has been offering its customers access to streaming video content using in-home broadband Internet for a while: the company first partnered up with Amazon and then partnered with video rental powerhouse Netflix—and added high-definition video from Netflix shortly thereafter. TiVo also partnered up with CinemaNow to bring Disney movies to subscribers…and now the company is adding another streaming video partner to its service: Blockbuster. TiVo has announced plans to offer Blockbuster OnDemand on TiVo Series3, TiVo HD XL, and older Series2 set-top boxes in the second half of 2009—and Blockbuster is going to help promote TiVo by offering TiVos for sale in its extensive brick-and-mortal rental locations.