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Free Historical Stock Data on BLOCKBUSTER

Stock Symbol: BBI

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Business Description
Blockbuster Inc. is a global provider of in-home rental and retail movie and game entertainment, with approximately 8,900 stores in the United States, its territories and 27 countries. During the year ended December 31, 2003, the Company purchased 341 stores and sold 143 stores for a net addition of 198 stores worldwide. It also opened 144 franchised stores and sold 20 franchised stores for a net addition of 124 franchised stores worldwide. In 2003, Blockbuster approximately had 200 franchisees, 1,091 stores in the United States and 671 stores outside of the United States. Under its United States franchising program, the Company entered into a development and franchise agreement(s) with the franchisee. In 2003, it focused on the Website, blockbuster.com, which supports its stores and drives store revenue. In 2004, Viacom Inc. announced to pursue the divestiture of its 81.5% equity interest in the Company. In 2004, Blockbuster launched an online rental subscription service.

Financial Information
For the nine months ended 9/30/04, revenues rose less than 1% to $4.33 billion. Net loss before acct. change totalled $1.26 billion vs. income of $209.8 million. Revenues reflect an increase in merchandise sales. Loss reflects the inclusion of a $1.50 billion impairment of goodwill charge.