Watch out, Netflix! Redbox is comin' for you next!
Yesterday, Redbox parent company Coinstar announced that they'd be purchasing NCR's Blockbuster Express DVD rental kiosks for $100 million!
For the moment, the Blockbuster Express machines will remain blue, but soon enough we'd say they're likely to turn red.
Here's what an NCR spokesman had to say about the deal:
Tags: 2012, blockbuster, blockbuster express, blue, coinstar, dvd, kiosks, ncr, red, redbox, rental, revenue
We had heard it was gonna happen this week, and sure enough it did!
Today, on the eighth anniversary of its existence, Facebook finally filed its long anticipated IPO with the Securities and Exchange Commission, which revealed that they have over 800 million users…and they're worth almost $4 billion!!!!!!!!
Here are some more facts and figures that came from their filing:
Tags: advertisers, facebook, ipo, revenue, securities and exchange commission, users
Maybe she should take a cue from Ke$ha and call herself Pari$! That's a shizload of money!!!!
During a recent interview with FHM UK, Paris Hilton opened up how much $$$ she makes…and
Tags: 2012, fhm uk, fragrances, kesha, money, paris hilton, products, revenue, the year of paris, wynn properties
Well, as we like to say, the more stations playing Christmas music, the merrier the holiday!
New reports have revealed that more and more radio channels have switched from their regular formatting to all holiday music when December rolls around, as the industry managed to still pull in $20.1 billion last year, an 8 percent increase from the brutal 2008-2009 revenue downturn!
Clear Channel Senior VP Darren Davis explains:
Tags: cbs radio, christmas, christmas music, clear channel, darren davis, greg strasell, holidays, music, revenue, senior vp
Bad news for basketball fans!
Thanks to the lockout, the NBA has cancelled the first two weeks of the season.
Commissioner David Stern announced
Tags: basketball, commissioner, david stern, lockout, money, nba, nba lockout, preseason, revenue, salaries, season
Business is good for Roberto Cavalli!
The fashion house is reported on Tuesday net profits for the first half of the year were up 6.8% to $2.9 million.
Revenue also saw an increase of 1.9% for a total of $127.3 million.
[Image via Lia Toby/WENN.]
Tags: net profits, revenue, roberto cavalli, sales increase
Negotiations have failed and NBA owners informed their players they would be locked out beginning Thursday at midnight.
Hopefully the league and the player's union can come to some kind of an agreement over revenue sharing before the lockout eats into the next NBA season.
The last lockout in 1998 shortened the season to 50 games and caused the sport's popularity to significantly decrease!
It's a shame that an organization that has so much money to go around can't figure out what to do with it.
[Image via AP Images.]
Tags: franchise, games, league, lockout, money, nba, negotiations, owners, players, revenue, teams, union