TITLE

DVD Rental: Resilient Cash Cow

AUTHOR(S)
Gruenwedel, Erik
PUB. DATE
March 2008
SOURCE
Home Media Magazine;3/16/2008, Vol. 30 Issue 11, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the positive financial results posted by companies in the digital video disc (DVD) rental market during the first quarter of 2008. These companies include Blockbuster Inc., Netflix, and Movie Gallery. Cost reductions and same-store sales growth are two factors that contributed to the earnings growth of Blockbuster. A monthly income of $48.9 million was posted by Movie Gallery, which expects to exit bankruptcy protection in the second quarter. The total revenue of these three companies was over $1.8 billion.
ACCESSION #
31453158

 

Related Articles

  • Movie Gallery Profit Up, Execs Open to Blockbuster Combo. Wolf, Jessica // Home Media Retailing;5/14/2006, Vol. 28 Issue 20, p1 

    Reports on the financial performance of Movie Gallery in first quarter of 2006. Earnings; Increase in revenue; Plan to consider a merger and acquisition with their major rental competitor, Blockbuster; Plans to lower overhead costs.

  • Netflix Ups Profit, Rev, Subs in Q4. Gruenwedel, Erik // Home Media Magazine;1/27/2008, Vol. 30 Issue 4, p1 

    The article reports on the financial performance of Netflix Inc. for the fourth quarter ended December 31, 2007. Netflix chief executive officer (CEO) Reed Hastings confirms with investors that the service is pulling away from rival Blockbuster Inc. According to media analyst Michael Pachter,...

  • Renting to buy. Bond, Paul // Hollywood Reporter -- International Edition;6/13/2006, Vol. 394 Issue 41, p59 

    The article focuses on issues related to the financial performance of video rental companies in the U.S. This time a year ago, shares of Movie Gallery Inc. were at $32.87 and Blockbuster Inc. shares traded for $9.66. Monday they were at $6.71 and $4.69, respectively. That sort of...

  • How Rental Got Its Groove Back. Gruenwedel, Erik // Home Media Magazine;2/23/2009, Vol. 31 Issue 8, p1 

    The article highlights the resurgence of the DVD rental business in the U.S. despite the economic crisis in 2009. Netflix was noted to exceed 10 million subscribers, including 600,000 new members since the beginning of the year. The company posted 30% compound annual subscriber growth and...

  • NET GAIN FOR NETFLIX. Fritz, Ben // Daily Variety;1/25/2005, Vol. 286 Issue 20, p18 

    Reports on the increase in the shares of Netflix Inc. in after-hours trading in the U.S. Gains of the online DVD rental shop in the number of subscribers; Revenue of the company during the quarter; Competitors of Netflix in the market.

  • Cable's Inroads Against DVD Rentals. Umstead, R. Thomas // Multichannel News;7/13/2009, Vol. 30 Issue 27, p24 

    The article provides information on the declining digital video disc (DVD) movie-rental business. It presents the activities carried out by Comcast Corp. and its cable peers to pull down the industry DVD-rental chains such as Netflix Inc. and Blockbuster Inc. It also notes on the growing...

  • Business Mixed for Rentailers in Bear Game Market. Gruenwedel, Erik // Video Store Magazine;4/25/2004, Vol. 26 Issue 17, p22 

    Reports on the state of the video game rental market in the U.S. in 2003. Decline in video game rental revenue of Blockbuster; Video game rental revenue of Hollywood; Expansion plan of Movie Gallery for its video rental offerings.

  • Gallery Comp Drop Extends Rental Woes. Gruenwedel, Erik; Wagner, Holly J. // Home Media Retailing;10/16/2005, Vol. 27 Issue 42, p1 

    Reports on the decline same-store sales posted by Movie Gallery for the third quarter ended October 3, 2005. Percentage decline on revenue; Reasons for the weak financial performance; Performance of other video rental companies.

  • Movie Gallery sees shares suffer. Learmonth, Michael // Daily Variety;7/9/2004, Vol. 284 Issue 4, p6 

    Reports on a decline in the share prices of video rental chain Movie Gallery on July 8, 2004. Posting of flat second quarter 2004 sales growth; Company's reduction of its profit outlook due to higher costs for the development of a digital delivery service; Number of stores added by the chain...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics