Online DVD rental pioneer reports record fiscal results, partners with Best Buy, eyes second video game platform and launch of foreign streaming business.
NCR Corp.’s foray into manufacturing and distributing Blockbuster Express rental kiosks is generating revenue in line with expectations, John Bruno, EVP of industrial solutions, told investors during a financial call. Nonetheless, profit tumbles and significant layoffs planned.
When analyzing all films released on 1,000 or more screens from 2004 to 2008, Kagan found that 83 films with budgets greater than $100 million averaged $247.3 million in net profit under a major-studio distribution fee structure, followed by the $90 million-to-$100 million range with a $117.9 million average net profit.
Microsoft Corp. quietly added Internet-TV functionality to the Oct. 22 global launch of its new Windows 7 operating system to the Windows Media Center, the first significant PC upgrade in three years.
