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Tuesday, November 13, 2012 |
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Blockbuster Posts $116M Loss
Citing a need to conserve cash (by acquiring fewer copies of smaller titles) and shore up liquidity, Blockbuster Inc. Nov. 12 reported a third-quarter (ended Oct. 4) loss of $116 million, compared to a loss of $20.6 million during the previous-year comparable period.
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Image Reports $1.61 Million Loss
Image Entertainment reported a loss of more than $1.6 million for the three-month quarter ended Sept. 30, on revenues of nearly $30 million, a steeper slide than the net loss of $465,000 it reported during the same quarter of 2008.
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Disney Studio Unit Posts Quarterly Loss
Global declines in theatrical, television and home entertainment revenue contributed to The Walt Disney Co.’s studio entertainment segment posting a fourth quarter (ended Oct. 3) operating loss of $13 million.
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Sony Computer Exec: PS3 Big For Holiday Blu-ray Push
With the PlayStation 3 accounting for an estimated 9 million Blu-ray Disc players in America, the new, cheaper version of the PS3 will significantly boost Blu-ray adoption this holiday season, said Phil Rosenberg, SVP of business development for Sony Computer Entertainment America (SCEA).
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