Blockbuster plans to part with 960 retail stores by end of 2010
[Via CNET]
Posts with tag business
Listen up, aspiring HD content creators -- VOOM HD's demise could be your gain. If the HD video features of the latest crop of DSLRs and DILs (digital interchangeable lens) aren't enough for you, you'll have a chance to pick up some of VOOM HD's gear at an auction on June 16. Among the items up for grabs are a bunch of Sony HD camcorders, Canon HD lenses, and 5 Panasonic PT-AE2000U projectors that we imagine would do a perfectly fine job in the living room. If you've got some cash burning a hole in your pocket, this could be a great way to jump-start your HD rig, but those attending the auction in person will need to watch out for snipers sitting in on the webcast.
The corporate cultures at Panasonic and Sony are quite different, but the two companies now have something in common -- annual losses for the first time in a long time. At seven years long, Panasonic's run of profitability was only half that of Sony's, but this economy doesn't discriminate -- Panasonic wrapped up the fiscal year in March with parentheses surrounding a ¥444 billion ($4.6 billion) figure. All the product sectors we love -- TVs, digicams, appliances and semiconductors -- are hurting, falling short of the previous year's sales figures by 14.4-percent. With cost-cutting a top priority for the coming year, Panasonic's plasma TVs will have to pull in some numbers to avoid the axe -- we're hoping the NeoPDPs are as much of a hit with consumers as they are with reviewers.
Hmm, now isn't this interesting? Just months after Liberty Media reached out at the eleventh hour and rescued Sirius XM from imminent bankruptcy, it's now spinning off its entertainment division (Liberty Entertainment) and combining it with DirecTV (which Liberty already controls). We're told that the new Liberty Entertainment will hold 54 percent of DirecTV Group shares and 65 percent interest in the Game Show Network, not to mention three regional sports networks and a few other things not worth mentioning. The move is being made as the "John Malone-controlled vehicle looks to simplify its capital structure," and if all goes well, the paperwork should be completed by the end of the year. Oh, and so far as we can tell, DirecTV consumers won't even notice the shuffling going on behind the scenes.
Oh, brother -- you had to see this coming, didn't you? Soon after details of the California Energy Commission's proposed TV efficiency standards leaked out, the Consumer Electronics Association (CEA) has fired back a shocking press release in order to sound the alarm and get people in opposition. According to its "research," setting arbitrary limits on television electricity usage will end up costing California $50 million annually in state tax revenue and will destroy some 4,600 jobs in the TV sales, distribution and installation business. In the CEA's eyes, this proposal "eliminates consumer choice and will remove 25 percent of televisions from the market." Naturally, all of these assertions pay no attention whatsoever to the environment, and while we won't bother with inserting any politics here, we'd advise hitting the read link just to see what blatant bias looks like in its purest form.











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