Thursday, August 9, 2007
Blockbuster Desperate To Do Something, Buys A Loser
Blockbuster announced the acquisition of movie download site Movielink this evening. The price is not being disclosed (meaning it isn’t “material” to Blockbuster’s shareholders), although the Wall Street Journal says it was less than $20 million. Movielink was created in 2002 as a joint venture of most of the big studios - Metro-Goldwyn-Mayer Studios, Paramount [...]
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