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Blockbuster Denies Bankruptcy
Blockbuster is not planning to file for Chapter 11 bankruptcy protection, despite hiring a legal firm that specializes in corporate fiscal restructuring, according to spokesperson Karen Raskopf.
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Image Declares Nyx in Breach of Merger, Again
The rollercoaster union between Image Entertainment and Nyx Acquisitions March 3 took another dip when Image notified Nyx that it was in breach of the merger agreement after failing to deposit an additional $500,000 into a business interruption fee trust by March 2.
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Virgin Megastores to Shutter
Entertainment retail took another hit when Virgin Megastores, the high-profile music centric packaged media retail chain founded by billionaire Richard Branson, said it would shutter its North American stores by this summer.
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Roku Partners with Amazon VOD
Roku Inc., manufacturer of a proprietary $99 set-top box that connects the Internet to the television, March 3 said it has partnered with Amazon’s video-on-demand movie service.
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