Saturday, August 24, 2019

PARAMOUNT REORGANIZES, CATCHES UP WITH FUTURE

September 28, 2011 by · 1 Comment 

Paramount announced plans on Monday to launch a major reorganization in response to such relatively new phenomena as digital distribution and simultaneous openings of films domestically and overseas. Studio Chairman Brad Grey said that its DVD, digital and television licensing units will be combined into a new division called Home Media Distribution. Paramount’s overseas operations, […]

BLOCKBUSTER REPORTS ON HIGH COST OF BANKRUPTCY

December 29, 2010 by · Leave a Comment 

Business does not appear to be improving for struggling Blockbuster. In the past, it was weighted down with back-breaking debt; now, it is shouldering the high costs of bankruptcy reorganization. In a bankruptcy court filing reported today (Wednesday) by Home Media magazine, the movie “rentailer” declared a net loss of $42.1 million on $142.6 million […]

MGM EMERGES FROM BANKRUPTCY PROTECTION

December 21, 2010 by · Leave a Comment 

Leo the Lion roared back to life on Monday as MGM said that it had emerged from bankruptcy protection with $500 million to fund new movies and television shows. The company is now owned by its previous lenders, who had agreed to swap debt for equity and installed Spyglass Entertainment chiefs Gary Barber and Roger […]

BLOCKBUSTER DECLARES BANKRUPTCY

September 23, 2010 by · Leave a Comment 

Unable to lift itself out from beneath a nearly $1-billion debt load, Blockbuster today (Thursday) filed for Chapter 11 bankruptcy protection. It said it plans to convert most of its debt into equity under a reorganization with bondholders that hold about 80 percent of its senior notes. Blockbuster said that they had agreed to provide […]