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Monday, August 30, 2010 posted by Lady Penelope in Business

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Posted by gloveshot
08/30 07:19 PM

According to a Wired.com article the Movie Industry is quite interested in keeping Blockbuster alive.

The studios have good reason to want Blockbuster to survive. Not only was it a profitable partner during the DVD craze, despite the occasional censorship spat, but the company provides competition to Netflix, Amazon, Hulu, iTunes and other internet-based video services. And more competition in that market means higher licensing prices for the studios’ videos.

Read More http://www.wired.com/epicenter/2010/08/internet-fail-blockbuster-reportedly-plans-bankruptcy/#ixzz0y8NlASnD



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