Posts Tagged ‘Netflix’

Redbox Enters The Netflix Dojo, Dips Fists in Glue and Broken Glass

Redbox Enters The Netflix Dojo, Dips Fists in Glue and Broken Glass

Courtesy of Joshua M Brown, The Reformed Broker 

SAN RAFAEL, CA - AUGUST 14:  Movie titles are  displayed on a RedBox video rental kiosk August 14, 2009 in San Rafael, California. Movie studios are making an attempt to limit new release movies to the fast growing DVD rental kiosk company RedBox in protest of their extremely low rental prices.  (Photo by Justin Sullivan/Getty Images)

Another year, another Netflix ($NFLX) killer – this time, the venerable vending machine powerhouse Redbox.

Eric Savitz at Barron’s Tech Trader Daily is blogging that in 2011, the parent company of Redbox, Coinstar ($CSTR), will have streaming movies on the web operational…

…the company is confident that “physical DVDs and Redbox kiosks will remain relevant for a very long time to come.” But he added that consumers have told the company they want a broader selection than the kiosks provide. “So, while we are confident in the future of DVDs, we believe an expanded offering via digital could be a natural evolution to augment our core business,” he said.

Many incredibly tough competitors have challenged Netflix (aka the hottest stock in the universe) to the blaring fanfare of trumpets and beating drums.  Each of these competitors has been sent sauntering away with its tail between its legs.

Redbox is looking at potential partnerships to get their service launched, so maybe this would be Amazon’s ($AMZN) chance to get in the game.  Maybe the reorganizing Blockbuster gets in Redbox’s good graces for a team-up.  Possibly a consortium of studios wants in, a la Hulu.  We shall see.

Source:

Coinstar’s Redbox Plans 2011 Launch for Web-based Streaming (Tech Trader Daily)

Read Also:

The Netflix and the Blockbuster by Lewis Carroll (TRB) 


Tags: , , ,




Blockbuster Files For Chapter 11, Complete Affidavit Enclosed

Blockbuster Files For Chapter 11, Complete Affidavit Enclosed

Courtesy of Tyler Durden

LOS ANGELES, CA - AUGUST 27: People walk past a Blockbuster store on August 27, 2010 in Los Angeles, California. News reports say that the video store chain is preparing to file for bankruptcy. The floundering retailer, which has lost ground to Netflix and Redbox, is due to repay $42 million of its $1 billion in debt on September 30. (Photo by Kevork Djansezian/Getty Images)

The biggest melting ice cube (since Movie Gallery) has just melted: Blockbuster finally accepted the inevitable and filed for Chapter 11 in New York Southern (Case 10-14997, legal: Weil Gotshal, CRO: Alvarez & Marsal). As part of the "pre-arranged" (but not "pre-negotiated") bankruptcy process, "the recapitalization plan would substantially reduce the Company’s indebtedness — from nearly $1 billion currently to an estimated $100 million or less when implemented." The Company has secured a commitment of $125 million in new "debtor-in-possession" (DIP) financing from the Senior Noteholders, chief among who is Carl Icahn, who has built up a major stake in the company’s $675 million Sr. Secured notes, which will be converted into post-reorg equity.

As the attached affidavit demonstrates, the company had 3,306 total video stores in the US (including franchises), and 2,333 international ones. We are confident that the company’s renegotiation of lease payments much lower will only force REITs to surge to all time astronomical highs, because after all, who needs cash flow?

The Org Chart of debtor entities that are actually going bankrupt as part of this Chapter 11 filing are shown on the org chart below. It appears all foreign operations will be bankruptcy-remote. We hope the bondholders managed to sequester their cash in time or oops.

And for those curious as to what Netflix’ pre-bankruptcy history will one day look like, we suggest you start reading point 38 (page 15 of 167 in the affidavit below): KEY EVENTS LEADING TO THE CHAPTER 11 CASES AND RESTRUCTURING GOALS

 


Tags: , ,




 
 
 

Phil's Favorites

Your brain's built-in biases insulate your beliefs from contradictory facts

 

Your brain's built-in biases insulate your beliefs from contradictory facts

These psychological tendencies explain why an onslaught of facts won’t necessarily change anyone’s mind. Francesco Carta fotografo/Moment via Getty Images

Courtesy of Jay Maddock, Texas A&M University

A rumor started circulating back in 2008 that Barack Obama was not born in the United States. At the time, I was serving as chair of the Hawaii Board of Health. The director and deputy director of health, both appointed by a Republican governor, ...



more from Ilene

ValueWalk

Does the Cleveland Fed's Systemic Risk Indicator Predict Stress?

By Jacob Wolinsky. Originally published at ValueWalk.

Cleveland Fed’s Systemic Risk Indicator is Reliable, Timely, and Valid When Predicting Stress

The Cleveland Fed’s systemic risk indicator (SRI) was developed in response to the financial crisis of 2007-2009 in the hope that it could provide regulators with advance warning of conditions that might warrant a corrective response.

Q3 2020 hedge fund letters, conferences and more

In this ...



more from ValueWalk

Politics

Socialism is a trigger word on social media - but real discussion is going on amid the screaming

 

Socialism is a trigger word on social media – but real discussion is going on amid the screaming

‘Tug-of-words’ posts debating the merits of socialism versus capitalism are all over social media platforms. pxfuel

Courtesy of Robert Kozinets, USC Annenberg School for Communication and Journalism

The word “socialism” has become a trigger word in U.S. politics, with both positive and negative perceptions of it split alo...



more from Politics

Zero Hedge

Owner Of NYC Bar Arrested Days After Declaring "Autonomous Zone" To Dodge Pandemic Restrictions

Courtesy of ZeroHedge View original post here.

The co-owner of a bar on Staten Island which declared itself an 'autonomous zone' after its liquor license was yanked over COVID-19 lockdown violations was arrested and perp-walked out of the business in handcuffs on Tuesday night.

Photo via ABC7NY

A...



more from Tyler

Chart School

Gold Chart Review

Courtesy of Read the Ticker

Gold swing trade is due, lets review some charts to see if it is a viable move.

The seasonal period of gold is now upon us, gold should advance for the next 3 months.


Gold Gann Angle Chart ...


Click for popup. Clear your browser cache if image is not showing.






Gold Channel Chart .. close up!



Click for popup. Clear your browser cache if image is not showing.




Gold Channel Chart


Click for popup. Clear your browser cache if image is not s...



more from Chart School

Kimble Charting Solutions

Are Commodity Prices About To Let The Good Times Roll?

Courtesy of Chris Kimble

Commodities have traded “heavy” for the past decade, as bond yields remain low and inflationary forces remain under wraps. But this trend could be up-ended as we head into 2021.

Today’s chart 2-pack looks at long-term “monthly” charts of the Thomson Reuters Equal Weight Commodity Index and the 10-Year US Treasury Bond Yield.

Over the past decades, Commodities and Yields have shown weakness. The Commodity Index has managed ...



more from Kimble C.S.

Biotech/COVID-19

Rapid COVID-19 tests can be useful - but there are far too few to put a dent in the pandemic

 

Rapid COVID-19 tests can be useful – but there are far too few to put a dent in the pandemic

Rapid tests for COVID-19 are easy to administer and give fast results. AP Photo/Julio Cortez, File

Courtesy of Bonnie LaFleur, University of Arizona and Katherine Ellingson, University of Ari...



more from Biotech/COVID-19

Digital Currencies

Five Reasons Why Bitcoin is Going Up

 

Five Reasons Why Bitcoin is Going Up

Courtesy of 

Call it the “Respectability Rally”…

A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



more from Bitcoin

Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

more from M.T.M.

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider

Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

...

more from Promotions





About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.