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Essay / Research Paper Abstract
This 3-page paper provides a financial analysis and brief overview of Blockbuster, Netflix, Movie Gallery and Redbox. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTdvdplaye.rtf
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Unformatted sample text from the term paper:
are Blockbuster Inc., Movie Gallery, Netflix and Redbox. Also, while marketing expenses were asked for, most balance sheets dont sort this information out. Marketing expenses tends to be categorized under
operating expenses. Blockbuster Blockbuster is the worlds largest video rental chain - it has more than 7.400 company-owned or franchised stores in
more than 20 countries (Blockbuster Inc., 2009). The chain rents more than one billion videos, DVDs and video games at its retail outlets each year (Blockbuster Inc., 2009). Users can
also purchase, rent and watch downloads through Blockbuster Online (Blockbuster Inc., 2009). Blockbuster Entertainment was launched in 1985 when entrepreneur David
Cook decided to try his hand with computerized video rental stores (Blockbuster Inc., 2009). People liked the idea of being able to rent movies on tape (this was before DVD
really took off), and the company did very well. Wayne Huizenga took over the company in 1987, injecting a great deal of
capital into the enterprise and allowing for further expansion (Blockbuster Inc., 2009). During the following years, Blockbuster acquired its smaller competitors, but as the years passed on, poor business decisions
caused financial problems within the company (Blockbuster Inc., 2009). Trying to encourage customers to continue using products, Blockbuster eliminated late fees
on its traditional in-store rentals in the U.S. and Canada during 2005 (Blockbuster Inc., 2009). It marketed the plan for about $60 million, and ended up losing more than $500
million in late fee revenues (Blockbuster Inc., 2009). Income Statement Dec 07 Dec 06 Dec 05 Revenue 5,542.4 5,523.5 5,864.4 Cost of Goods Sold 2,677.8 2,475.7 2,647.1 Gross Profit
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