Featured Articles

AMD SVP John Byrne named turnaround exec of the year

AMD SVP John Byrne named turnaround exec of the year

Director of AMD’s PR Chris Hook has tweeted and confirmed later in a conversation with Fudzilla that John Byrne, Senior Vice…

More...
Shield Tablet 8 launching on Tuesday July 22nd

Shield Tablet 8 launching on Tuesday July 22nd

We knew the date for a while but as of right now we can confirm that Nvidia’s new Shield Tablet 8,…

More...
AMD confirms 20nm in 2015

AMD confirms 20nm in 2015

Lisa Su, Senior Vice President and Chief Operating Officer, AMD, has confirmed what we told you back in May 2014 – …

More...
AMD reports loss, shares tumble

AMD reports loss, shares tumble

AMD’s debt load is causing huge problems for the chipmaker -- this quarter it had another substantial loss. The tame Apple Press…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 17 March 2010 04:17

Blockbuster to dump European stores

Written by David Stellmack

Image

Only if they are lucky enough to find a buyer

It is no secret that Blockbuster has been bleeding cash for some time; and it seems no matter what they have attempted to do to stop the bleeding, the weight of poorly performing stores and shortage of good revenue streams outside of their retail operations have conspired to make things difficult at best.

Blockbuster has come up with a new strategy, which is selling off more of its retail stores. This time around, however, it will not be a closing.  Instead, the company is looking to actively sell off its European Blockbuster retail stores; they are so serious about it that they have hired Winchester Capital to do it. The sell-off of the Blockbuster European operations will include stores in the U.K., Ireland, Denmark and Italy.

Reports suggest that these assets could be worth as much as $76 million USD to the company. While it is generally accepted that even if they are able to sell off their European operations and get close to full value, it could still be too little, too late. The company has recently outlined some new initiatives, including getting into the kiosk video rental business in a big way with partner, NCR. The company needs to create a new revenue stream outside of the retail rental business if it wants to survive long-term, and so far it does not look like that is going to happen.

Last modified on Wednesday, 17 March 2010 10:18

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments