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Blockbuster's Movielink Posts Loss

25 Oct, 2007 By: Erik Gruenwedel

Blockbuster Inc.'s foray into Web-based movie downloads took an inauspicious start as recently acquired Movielink reportedly posted a $10.1 million loss during the first half of 2007, compared to a loss of $11.6 million during the same period last year. Revenue through June was $1.98 million, compared to $1.92 million last year.

Blockbuster acquired Movielink in August for $6.6 million.

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