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Articles tagged with: hollywood

Redbox Will Soon Carry Videogames In Over 21,000 Locations

Redbox is a popular DVD rental kiosk that is found in many grocery stores. Users walk up to the big red machine and select from a list of popular movies and new releases. Consumers pay one or two dollars, and have a DVD vended out to them. Everything is done electronically of course, and the machines accept multiple forms of payment. To return the movie, customers simply scan the receipt and/or DVD and are merrily on their way.

Hulu’s Plot For World Domination

Although Hulu was originally met with skepticism when they launched their paid subscription service, Hulu Plus, Hulu’s price drop towards the end of 2010 has been a strategic move on the company’s part. In a blog post summarizing the company’s results for Q1, 2011, Jason Kilar (CEO of Hulu) said that Hulu is on track to have over…

Bankrupt Blockbuster For Sale

The popular movie rental chain, Blockbuster is now bankrupt and a part of an ongoing auction that opened Monday morning. Today, a winning bid of $284 million bid from Dish Network’s Charles Ergen was placed. The next highest bidder is a hedge-fund manager, Carl Icahn at 280.9 million.

The other groups with qualified bids are Monarch Alternative Capital, South Korea’s SK Telecom, and a joint bid by liquidators Gordon Brothers Group and Hilco Merchant Resources. If Carl Icahn or the Gordon Brothers/Hilco Merchant group were to win,