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  1. #1

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    Blockbuster is trying to buy Movielink - LATimes.com

    Story at http://www.latimes.com/business/la-f...ck=1&cset=true

    Blockbuster deal for Movielink seen

    From the Associated Press
    March 2, 2007


    DALLAS Blockbuster Inc. is in advanced talks to buy Movielink as a way to speed its entry into the online movie-downloading business, people familiar with the situation said.

    Movie-rental giant Blockbuster would pay less than $50 million in cash and stock for Movielink, which is owned by five major studios, said one of those who spoke on condition of anonymity because the deal was not final.

    The companies declined to comment.

    Movielink has offered movie downloads since 2002. Recent competitors include Apple Inc.'s iTunes and Wal-Mart Stores Inc.

    John Antioco, Blockbuster's chairman and chief executive, has been hinting that the company would get into the digital-download business in 2007.

    Blockbuster shares rose 17 cents, or 2.6%, to $6.81.
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  2. #2

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    Re: Blockbuster is trying to buy Movielink - LATimes.com

    I've been using Movielink I think since it's inception and it's been one of the most affordable and hassle-free online anythings I've ever dealt with. I give them very high marks. I especially like their many promotions that make it rare that you have to pay full retail for any of their movie rentals (I've only ever purchased one movie "to own" from them...mostly use it for rentals).

    So it kinda worries me as a consumer that the bloated mega corp Blockbuster might be considering taking them over.

    But no doubt it would be a good move for Blockbuster. Probably for Movielink.

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