Blockbuster may force rival's hand

pr0digal jenius · Dec 29, 2004, 12:21 AM

Blockbuster, the largest U.S. video rental chain, said Tuesday it plans to launch a hostile bid for Hollywood Entertainment if the smaller rival will not cooperate with its $700 million takeover offer. In the latest move in a long-running takeover saga, Blockbuster said it intends by mid-January to start a cash tender offer to buy Hollywood shares for $11.50 each if Hollywood's board refuses to negotiate a takeover.

Dallas-based Blockbuster in November bid $11.50 per share for Portland, Ore.-based Hollywood, its largest rival. This trumped a $10.25-per-share offer from buyout firm Leonard Green & Partners, which has the backing of Hollywood's chairman, Mark Wattles.
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Source/Read More: C|Net

Sargentwhitey · Dec 29, 2004, 12:26 AM

Great... just what we need.. Blockbuster being the only rental place around.. (not including online ones). I hate blockbuster to begin with, last thing I want is to not have a choice.

The_Neon_Cowboy · Dec 29, 2004, 12:59 AM

block buster sucks... always end up with a late fee..
even when the video's returned a day early!

Mazuko · Dec 29, 2004, 01:01 AM

Aren't they doing away with late fees?

The_Neon_Cowboy · Dec 29, 2004, 01:23 AM

Quote:

Originally Posted by Mazuko

Aren't they doing away with late fees?

yea becouse it's illegal from them to charge "Late fees"
All they did is rename them..."Extended Viewing fees" thats all

There is a sizable movie rental here we use and it's $4 a movie 7 days!
all releases new and old....

they also have card wer you can buy in advance in blocks and get alot of free rentals. Like you pay like $25 and get $40 worth of rentals loaded on a card...

blows block buster out of the watter!

pr0digal jenius · Dec 29, 2004, 01:39 AM

Quote:

Originally Posted by The_Neon_Cowboy

yea becouse it's illegal from them to charge "Late fees"
All they did is rename them..."Extended Viewing fees" thats all

There is a sizable movie rental here we use and it's $4 a movie 7 days!
all releases new and old....

they also have card wer you can buy in advance in blocks and get alot of free rentals. Like you pay like $25 and get $40 worth of rentals loaded on a card...

blows block buster out of the watter!

what the hell....since when are late fees illegal?(did I miss something???) And I just have a movie pass

$25 a month, unlimited rentals(2 out at a time), no late fees/due dates

Mazuko · Dec 29, 2004, 01:40 AM

*shrugs* oh well I go up to the local rental store where it's $2 for a new release for 3 days

BONEHEAD · Dec 29, 2004, 01:57 AM

Time to reactivate my online video rental. I have a membership to both Hollywood and BB, I goto BB once every 6 months or so just to keep the acount "active". Back when Dvd's were getting popular Hollywood had the biggest selection for over a year.

If this does happen I will cancel my membership and do online rental only.

EcPercy · Dec 29, 2004, 01:57 AM

I don't use either movie store. I still rent from movie gallery. It is a shame though that they want to try and be a monopoly, but I guess they can join the club with MS and EA.

The_Neon_Cowboy · Dec 29, 2004, 08:17 AM

Quote:

Originally Posted by pr0digal jenius

what the hell....since when are late fees illegal?(did I miss something???) And I just have a movie pass

$25 a month, unlimited rentals(2 out at a time), no late fees/due dates

they wer not allowed to use the term "late fee" big class action lawsuit left them paying back / refunding money to all thier customers who paaid more then a certain amout of late fee's

[color=#dddddd]http://www.power-of-attorneys.com/PP...ion_detail.asp[/color]

They stopped calling them "late fees" and insted calling them extended viewing fees in y2k. as part od an arragment ofa suit ragrding them chargeing "late fees" they settled funny thier cutomers got cupons you had to apply for and do more retanals. While thier lawyers kicked back 9.25 million in hard cash out of the same money pool

plus other suits there a big ling list of suit around te world over "late fees"

Blockbuster moves to eliminate late fees in 2005

thats news to me
http://www.mytelus.com/movies/articl...icleID=1792981&

Dec 29, 2004, 12:21 AM	#1
pr0digal jenius Delete Me Join Date: Mar 2004 Posts: 14,648 Rep Power: 0	Blockbuster may force rival's hand Blockbuster, the largest U.S. video rental chain, said Tuesday it plans to launch a hostile bid for Hollywood Entertainment if the smaller rival will not cooperate with its $700 million takeover offer. In the latest move in a long-running takeover saga, Blockbuster said it intends by mid-January to start a cash tender offer to buy Hollywood shares for $11.50 each if Hollywood's board refuses to negotiate a takeover. Dallas-based Blockbuster in November bid $11.50 per share for Portland, Ore.-based Hollywood, its largest rival. This trumped a $10.25-per-share offer from buyout firm Leonard Green & Partners, which has the backing of Hollywood's chairman, Mark Wattles. _______________ Source/Read More: C\|Net

Dec 29, 2004, 12:26 AM	#2
Sargentwhitey Has a JOB.. Join Date: Aug 2004 Location: NJ Posts: 1,473 Rep Power: 0	Great... just what we need.. Blockbuster being the only rental place around.. (not including online ones). I hate blockbuster to begin with, last thing I want is to not have a choice. __________________ Mobile:Intel Celeron M 1.5GHz, 40GB WD, 1GB PC24000, Intel Mediocre Graphics 2, SB Audigy 2 Notebook

Dec 29, 2004, 12:59 AM	#3
The_Neon_Cowboy HardwareHeaven Extreme Member Join Date: Dec 2002 Location: U.S.A. Posts: 16,009 Rep Power: 92 System Specs	block buster sucks... always end up with a late fee.. even when the video's returned a day early! __________________

Dec 29, 2004, 01:01 AM	#4
Mazuko DriverHeaven Senior Member Join Date: Aug 2003 Location: Fredericksburg, VA Posts: 1,008 Rep Power: 0 System Specs	Aren't they doing away with late fees? __________________ E-bay feedback: http://feedback.ebay.com/ws/eBayISAP...me=STRK:ME:UFS

Dec 29, 2004, 01:40 AM	#7
Mazuko DriverHeaven Senior Member Join Date: Aug 2003 Location: Fredericksburg, VA Posts: 1,008 Rep Power: 0 System Specs	shrugs oh well I go up to the local rental store where it's $2 for a new release for 3 days __________________ E-bay feedback: http://feedback.ebay.com/ws/eBayISAP...me=STRK:ME:UFS

Dec 29, 2004, 01:57 AM	#8
BONEHEAD DriverHeaven Lover Join Date: Nov 2002 Location: TEXAS Posts: 182 Rep Power: 0	Time to reactivate my online video rental. I have a membership to both Hollywood and BB, I goto BB once every 6 months or so just to keep the acount "active". Back when Dvd's were getting popular Hollywood had the biggest selection for over a year. If this does happen I will cancel my membership and do online rental only. __________________ [COLOR=red]Xp Pro Sp2 Amd Athlon 2400+ O/C 2800+ (2250 GHZ)Antec True 550 ps Dragon Orb 3 7000rpm 2 80mm Case fans [/COLOR] [COLOR=red]2 40mm case fans[/COLOR] [COLOR=red]1.5 Gig Ecc Ram Msi KT2 COMBO[/COLOR] [COLOR=red]Adaptec 29320A-R[/COLOR] [COLOR=red]8 Seagate 36 gig ultra 320 10k [/COLOR] [COLOR=red]1 Toshiba SD-M1401 [/COLOR] [COLOR=red]1 Plextor 124TS cdrw [/COLOR] [COLOR=red]2 Nec4551a 1 Samsung TS-H552U 1 Nec3520a[/COLOR] [COLOR=red]Ati AIW Radeon 8500 128mb SoundBlaster X-Fi Platinum[/COLOR] [COLOR=red]Midiland sm7401 5.1 Hp 4C scanner VPR 17'' Lcd[/COLOR] [COLOR=red]Apc Back-ups RS1500[/COLOR] [COLOR=#ff0000][/COLOR] [COLOR=#ff0000]Taken by the ex maybe to return soon[/COLOR]

Dec 29, 2004, 01:57 AM	#9
EcPercy HardwareHeaven Senior Member Join Date: Jul 2002 Location: Iraq Posts: 1,535 Rep Power: 0	I don't use either movie store. I still rent from movie gallery. It is a shame though that they want to try and be a monopoly, but I guess they can join the club with MS and EA.