Advertisement
YOU ARE HERE: LAT HomeCollectionsBlockbuster
IN THE NEWS

Blockbuster

FEATURED ARTICLES
OPINION
November 8, 2013
Re "End of Blockbuster near," Business, Nov. 7 When I rented VHS movies from Blockbuster, the cartridges carried funny reminders telling customers to rewind their tapes. They included: "To play is human. To rewind is divine!," "Be a friend. Rewind when you reach the end," and "Just to remind, please rewind. Thanks. The end. " Blockbuster had been struggling in the DVD and video-game rental business thanks to the growth of Redbox and Internet-streaming services such as Netflix and YouTube.
ARTICLES BY DATE
ENTERTAINMENT
April 12, 2014 | By Meredith Blake
Clad in a military-style flight suit and aviator shades, Harrison Ford walks across a sunny tarmac and climbs into a fighter jet and takes off. Soon, he's soaring 5,000 feet above California. Ford is not starring as the hero of a summer blockbuster but in fact is tagging along on a NASA mission to measure levels of methane and carbon dioxide, two primary greenhouse gases, in the atmosphere in the premiere of Showtime's new climate-change documentary, "Years of Living Dangerously.
Advertisement
SPORTS
August 25, 2012 | By Dylan Hernandez and Steve Dilbeck
The Dodgers and Boston Red Sox have completed a blockbuster trade in which four-time All-Star Adrian Gonzalez lands in Los Angeles, the latest example of the Dodgers' new ownership group investing heavily in a win-now approach. Even though the possibility had been hinted at in recent days -- and was all but finished by game time Friday night -- the acquisition by the Dodgers of the Red Sox first baseman was a stunning development. The deal: The Dodgers acquired Gonzalez, pitcher Josh Beckett, injured outfielder Carl Crawford and utilityman Nick Punto in exchange for first baseman James Loney and four  prospects.
ENTERTAINMENT
April 6, 2014 | By Saba Hamedy
Superhero sequel "Captain America: The Winter Soldier" soared in its opening weekend to a record-breaking $96.2 million in North America and an early worldwide total of $303.3 million. The $170-million 3-D film, starring Chris Evans as the shield-bearing superhero and Scarlett Johansson as Black Widow, was the top April opening of all time and more successful than its 2011 predecessor  "Captain America: The First Avenger," which made $65 million in its first three days.
BUSINESS
September 16, 2009 | Ben Fritz
Blockbuster is looking lackluster. Facing increasing pressure from Redbox, Netflix Inc. and its own debt problems, the video rental giant is doubling the number of stores it is likely to close by the end of next year, the company revealed in a regulatory filing Tuesday. Struggling Blockbuster was previously aiming to shut 410 to 450 of its most unprofitable stores this year and next. A series of "accelerated closures" brings that target to 810 to 960. Blockbuster also said it might convert an additional 250 to 300 locations to outlets that focus on used DVDs.
NEWS
November 13, 2013 | By Christy Khoshaba
And the last movie ever rented in a Blockbuster goes to "This Is the End," a 2013 apocalyptic comedy featuring James Franco, Jonah Hill and Seth Rogan. Quite fitting, no? It was 11 p.m. in Hawaii, Saturday night. A man picked up the film "This Is the End" and wound up posing for a photograph with two Blockbuster employees. The image was tweeted by Blockbuster's official company account with the caption "The last BLOCKBUSTER rental 11/9 Hawaii 11PM @ThisIsTheEnd #BlockbusterMemories @Sethrogen @JamesFrancoTV @JonahHill ” Word of the tweet got back to "This Is the End" lead actor Seth Rogan, who retweeted the special moment.
BUSINESS
August 13, 2010 | Bloomberg News
Blockbuster Inc., struggling to service $919.6 million in debt, reported a wider second-quarter loss and said it received a six-week reprieve from creditors. The forbearance agreement is "substantially similar" to the prior one and is effective until Sept. 30, unless earlier terminated, Dallas-based Blockbuster said Friday. The video-retailer's loss grew to $69 million as sales tumbled 20 percent to $788 million. Lenders have been pushing for a pre-packaged bankruptcy in exchange for an extension on debt and interest payments, three people with knowledge of the situation said earlier this month.
BUSINESS
April 7, 2009 | Associated Press
Movie rental company Blockbuster Inc. said Monday the risk that it may not complete financing deals raised "substantial doubt" about its ability to continue as a going concern. Dallas-based Blockbuster, which has struggled amid the rising popularity of DVD-by-mail services such as Netflix, disclosed the warning in a filing with the Securities and Exchange Commission. The company had already cautioned last month that its auditor was likely to raise doubts about its ability to stay in business.
BUSINESS
March 10, 2011 | Reuters
Blockbuster Inc. will proceed with an auction that could preserve the troubled video rental chain after reworking the sale plan to win the support of Hollywood studios, a company lawyer said at a court hearing Thursday. The hedge fund group that has proposed an initial bid for the company reached an agreement that won over creditors who said the original sale plan shortchanged them. Numerous creditors had asked the Bankruptcy Court judge to convert the bankruptcy to a Chapter 7 liquidation, essentially a going-out-of-business sale, rather the proceed with the company's original sale plan.
NEWS
November 6, 2013 | By Paul Whitefield
A moment of silence, please - or, if you're of a religious bent, a prayer, perhaps - for Blockbuster. It's dead, but for those of a certain age at least, it won't be forgotten. The official obituary , in the cold language of the business world, goes something like this: Dish Network, which bought the bankrupt video rental business in 2010, announced Tuesday that it will close the remaining 300 Blockbuster stores. But that doesn't begin to tell the story. Oh no. Modern kids being raised on Netflix and on-demand have no idea what they've missed.
ENTERTAINMENT
March 14, 2014 | By Mike Boehm
When the great Irish poet William Butler Yeats prayed for some kind of connection to permanence and immortality, his thoughts turned to Byzantine art as the most perfect emblem of the profound, eternal state of creative grace he was after. He wrote, in "Sailing to Byzantium," of a yearning to encounter and be transformed by the gold-infused religious images of "sages standing in God's holy fire" that define the Byzantine style. Now Byzantium is sailing to Los Angeles. "Heaven and Earth: Art of Byzantium from Greek Collections," the biggest Byzantine art blockbuster to reach the West Coast, begins a 41/2-month run at the Getty Villa on April 9, along with a smaller related show of illuminated manuscripts at the Getty Center in Brentwood that runs for three months starting March 25. CHEATSHEET: Spring 2014 arts preview Whether the 178 works to be on display at the Villa will induce Yeatsian mystical transports is uncertain, but they promise to be an eyeful.
CALIFORNIA | LOCAL
February 4, 2014 | By Elaine Woo
More than five decades ago, Arthur Rankin Jr., a producer-director working in stop-motion animation, had an idea to develop a family-oriented TV special around a popular Christmas song. He hoped a network would like it enough to run it two or three times. But when "Rudolph the Red-Nosed Reindeer" aired in 1964, he and partner Jules Bass found they had a blockbuster - one that launched them into TV history as pioneers of the animated holiday special. Fifty years later, "Rudolph," with its catchy tunes and charmingly misfit characters, remains the longest-running Christmas TV special, "one of only four 1960s Christmas specials still being telecast," according to the Archive of American Television . The others are "A Charlie Brown Christmas," "How the Grinch Stole Christmas" and another Rankin-Bass creation, "Frosty the Snowman.
CALIFORNIA | LOCAL
January 21, 2014 | By Hugo Martin
Another blockbuster movie, another theme park attraction. Universal Studios Hollywood unveiled new details Tuesday of its next major attraction: a 3-D motion-simulator ride based on Universal Pictures' 2010 movie "Despicable Me. " Dubbed Despicable Me: Minion Mayhem, the new ride, along with an interactive playland called Super Silly Fun Land, will open this spring at the site of the defunct attraction Terminator 2: 3D. The new attraction follows...
BUSINESS
January 17, 2014 | By Chris O'Brien
China Mobile began selling Apple iPhones on Friday and marked the occasion with a visit from Apple Chief Executive Tim Cook to its stores.  "Having fun in Beijing at the iPhone launch with China Mobile!" Cook tweeted.  The new partnership was announced last month, and already analysts are betting that the sales of iPhones will have a big effect on Apple's bottom line for the current quarter that ends in March.  PHOTOS: Top 10 tech gadgets we want to see in 2014 During a briefing with media this week, China Mobile's chairman, Xi Guohua, said the company had already received "several million" pre-orders for iPhones before they went on sale in the company's stores.
BUSINESS
December 22, 2013 | By Jason Abbruzzese
I recently said goodbye to an old friend that had been with me since I was about 12 years old: my worn-down, blue-and-yellow Blockbuster video rental card. There are few better examples of how the entertainment business has actually changed (as opposed to various romantic theories about how it could develop) than the decline of this once culturally important institution. The downfall of Blockbuster was held by many experts to portend the fate of traditional media business models that relied on the other kind of blockbuster - those big, bloated mass-entertainment creations that had become a mainstay of the industry.
ENTERTAINMENT
December 21, 2013 | By Steven Zeitchik
As you read this, David O. Russell's new movie "American Hustle" is, like that giant vat of caloric popcorn, going down at a theater near you. In fact it's going down at 2,507 theaters near someone, a  remarkable number for a man who makes wry sideways romps. Just a year ago Russell had a different film playing in multiplexes around the holiday season. But it was playing a lot more sparsely: "Silver Linings Playbook," Russell's mental-health-dramedy slash-dancing-dramedy-slash-romantic-comedy, was in just a few hundred theaters, the product of a Weinstein Co. rollout so slow it made molasses seem like a fast-spraying liquid.
ENTERTAINMENT
April 6, 2014 | By Saba Hamedy
Superhero sequel "Captain America: The Winter Soldier" soared in its opening weekend to a record-breaking $96.2 million in North America and an early worldwide total of $303.3 million. The $170-million 3-D film, starring Chris Evans as the shield-bearing superhero and Scarlett Johansson as Black Widow, was the top April opening of all time and more successful than its 2011 predecessor  "Captain America: The First Avenger," which made $65 million in its first three days.
BUSINESS
February 21, 2011 | By Ben Fritz, Los Angeles Times
Home video chain Blockbuster Inc. has opted to put itself up for sale after a previous bankruptcy reorganization plan collapsed and its business continued to deteriorate over the holidays. The struggling Dallas company submitted a plan Monday for an auction process to U.S. Bankruptcy Court in New York. A holding company formed by four of its largest creditors ? Monarch Alternative Capital, Owl Creek Asset Management, Stonehill Capital Management and Varde Partners ? has put in an opening "stalking horse" bid of $290 million.
NEWS
November 13, 2013 | By Christy Khoshaba
And the last movie ever rented in a Blockbuster goes to "This Is the End," a 2013 apocalyptic comedy featuring James Franco, Jonah Hill and Seth Rogan. Quite fitting, no? It was 11 p.m. in Hawaii, Saturday night. A man picked up the film "This Is the End" and wound up posing for a photograph with two Blockbuster employees. The image was tweeted by Blockbuster's official company account with the caption "The last BLOCKBUSTER rental 11/9 Hawaii 11PM @ThisIsTheEnd #BlockbusterMemories @Sethrogen @JamesFrancoTV @JonahHill ” Word of the tweet got back to "This Is the End" lead actor Seth Rogan, who retweeted the special moment.
BUSINESS
November 11, 2013 | By Jessica Guynn and Chris O'Brien
SAN FRANCISCO - Ray McClure was lucky enough not only to get hired as one of Twitter's first employees but to get some stock. When he left Twitter in 2007 after one year, McClure cashed out a bit at a time by selling his shares privately. He opened an art gallery with his wife. He bought a house in San Francisco, sold it several years later for a tidy profit, then bought another. And he hasn't had to work, spending the last year at home caring for his 18-month-old daughter. "It changed my life in a very positive way," McClure, 35, said.
Los Angeles Times Articles
|