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BB Liquidating Inc. Class B Shs (BLIBQ)

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Outstanding Shares:  72,000,000 Blockbuster Class B Shares.

Floating Shares:  66,011,000 Shares.

Shorting Shares:  5,925,502 Shares.

 

52-Week Price Range:  0.015 ~ 0.67 

Recent Trading Range:  0.019 ~ 0.041.

 

Company Status:  The CH11 bankruptcy was filed on 09/23/2010.

 

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http://www.blockbuster.com/

 

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NEWS

Court OKs Chief Restructuring Officer for Blockbuster

By : Erik Gruenwedel | Posted: 27 Oct 2010
egruenwedel@questex.com

The court handling the bankruptcy for Blockbuster Inc. has approved the appointment of a chief restructuring officer (CRO) and related personnel to assist the Dallas-based disc rental giant through its fiscal reorganization.

Judge Burton Lifland, with U.S. Bankruptcy Court in New York, Oct. 27 authorized the retention of Alvarez & Marsal North America, who named Jeffrey Stegenga to the position of CRO, among other personnel.

Alvarez & Marsal, Stegenga and related personnel are to report to Blockbuster’s board of directors, according to the court filing.

The court also approved $125 million in debtor-in-possession funding allowing Blockbuster to maintain operations and pay studio pre-petition claims, among other expenses.

Blockbuster, which in September filed a pre-packaged bankruptcy listing more than $1.4 billion in liabilities, last week retained an executive search firm to find a new CEO.

http://www.homemediamagazine.com/blockbuster/court-oks-chief-restructuring-officer-blockbuster-20977

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Blockbuster(R) Conducts National Casting Call: 4,000 Employees To Be Hired to Meet Holiday Shoppers' Needs

World's Largest In-home Movie and Game Entertainment Company to Staff Up for Busiest Season
DALLAS, Oct 29, 2010 /PRNewswire via COMTEX/ -- Blockbuster announced its plans to hire approximately 4,000 seasonal employees to staff its Blockbuster stores nationwide this holiday season. In previous holiday seasons, the company has hired thousands of employees to help shoppers find the right movie, game or merchandise for renting or gift-giving.
Blockbuster is a popular destination during the holidays for renting and buying movies, as well as for Christmas shopping. According to Craig Mabrey, director of recruiting for Blockbuster, what differentiates Blockbuster from its retail and industry competition is the focus on hiring and training associates who love movies and games and can give knowledgeable recommendations based on specific needs and interests. "We know the holiday season is our busiest and we plan to hire thousands of new employees in preparation for another busy shopping season in our stores."

Historically, customer traffic increases the week leading to Thanksgiving and the momentum continues through the New Year, peaking the week between Christmas and New Years Day. The last two weeks of the year and first week of the new year are often the busiest. Hiring additional holiday staff plays an integral part in providing an enjoyable in-store experience for Blockbuster customers during this time. During the non-holiday period, Blockbuster employs approximately 25,500 employees in the U.S.

About Blockbuster

Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually. The company may be accessed worldwide at www.blockbuster.com.

SOURCE Blockbuster Inc.



www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
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http://www.otcmarkets.com/stock/BLOBQ/news

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Looking for a Convenient Way to Get the Latest Movies?

11/02/2010 6:35 PM ET - Pr Newswire

As of 3:18 PM ET 11/3/10
As of today, consumers can watch movies on almost 100 consumer electronic and mobile devices, thanks to BLOCKBUSTER On Demand(R). With the addition of six new consumer electronics partners and seven devices this fall, BLOCKBUSTER On Demand consumers have even more options to get instant access to all the newest movies at home and on the go.

With BLOCKBUSTER On Demand, movie lovers get instant access to digital movies on the same day as DVD/Blu-ray. There are no monthly fees, and the service is available on PCs, laptops and almost 100 different Blu-ray players, smartphones, home theater systems, TVs, DVRs, digital media adapters and portable devices.

According to Bruce Anderson, BLOCKBUSTER On Demand's senior vice president and general manager, the BLOCKBUSTER On Demand service works seamlessly across different devices. Customers can rent or buy a movie on a smartphone and also watch the same movie on a Blu-ray player. They can also start watching a movie on a home theater and finish watching it on a connected TV in another room.

"We are passionate about making it easy for people to get the newest releases and all their favorite movies across an increasingly wide variety of devices from the entry-level to high-end," said Anderson. "We've launched with half a dozen new CE partners in recent weeks and continue to expand organically with existing partners. Customers know that Blockbuster always offers the latest greatest movies and our ongoing expansion shows that our partners appreciate the value that BLOCKBUSTER On Demand brings to their devices."

New Blu-ray device models supporting BLOCKBUSTER On Demand include the following models. Specific product details are available at www.blockbuster.com/devices.

Integra's high-end DBS-30.2 Blu-ray disc player features high-definition surround sound formats for Blu-ray, Dolby(R) TrueHD and Dolby Digital Plus decoding and is available through select custom installers.

Integra's other high-end Blu-ray disc player, the DBS-50.2, offers full-feature Blu-ray Disc Play Back and a High Quality Video Scaler and is available through select custom installers.

Magnavox's MB 5130 Blu-ray disc player is equipped with built-in wireless LAN, deep color support, SD card support and Energy Star 2.0 support.

Onkyo's BD-SP808, a THX and DLNA 1.5 Certified Blu-ray Disc Player with a full array of state of the art technology, including Video On Demand, premium Marvel Qdeo(TM) video scaler, and studio-master quality Dolby(R) TrueHD and DTS-HD Master Audio(TM) sound.

Sylvania's NB620SL1, a Wi-Fi-enabled Blu-ray disc player, also comes equipped with built-in wireless LAN, deep color support, SD card support and Energy Star 2.0 support.

Western Digital's WD TV(R) Live Hub(TM) media center, a Full-HD 1080p media player with a 1 terabyte (TB) built-in network hard drive and the freedom to play personal media on any screen in the home.

Yamaha's BD-A1000, designed to work with the Yamaha AVENTAGE line of components for maximum convenience, comes 3D ready and offers secondary video/audio for enhanced commentary.

About Blockbuster Inc.

Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually. The company may be accessed worldwide at www.blockbuster.com.

SOURCE Blockbuster Inc.

 

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Blockbuster Gets Final Court Approval of 'DIP' Financing
Wednesday 11/03/2010 1:18 AM ET - Close-up MediaRelated Companies

As of 3:18 PM ET 11/3/10
Blockbuster Inc., a provider of rental and retail movie and game entertainment, announced that it has received final authorization from the U.S. Bankruptcy Court for the Southern District of New York to obtain $125 million in "debtor-in-possession" (DIP) financing from certain of the Company's senior noteholders.

According to a release on October 27, the funding is available to help Blockbuster meet its obligations to customers, suppliers and employees in the ordinary course as it implements a plan to recapitalize its balance sheet and substantially reduce debt. The Court had previously authorized Blockbuster access to $20 million of the DIP financing on an interim basis. Today's final order allows Blockbuster to access the entire $125 million facility.

The Court also approved the retention of certain legal and restructuring advisors and granted Blockbuster authority to pay certain prepetition claims of movie studios and game providers.

On September 23, Blockbuster announced that it reached agreement with its senior noteholders on the material terms of a plan to recapitalize its balance sheet and reduce debt from nearly $1 billion currently to an estimated $100 million or less when the plan is implemented, the Company said. The Company and its domestic subsidiaries filed voluntary Chapter 11 petitions to implement the recapitalization.

Jim Keyes, chairman and chief executive officer, said: "We are pleased that the court has granted these final orders, which will enable us to continue to meet our obligations to customers, suppliers and employees as we move forward with the recapitalization process. We continue to work diligently with our senior noteholders, the movie studios, the unsecured creditors committee and other key parties on our recapitalization plan, which, when implemented, will strengthen our balance sheet and allow us to continue transforming our business model."

All of Blockbuster's U.S. operations, including its stores, DVD vending kiosks, by-mail and digital businesses, are open and serving customers in the normal course. Blockbuster is fulfilling all orders as usual.

More company information:

www.blockbuster.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

 

 

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PostSubject
#285   BLIBQ is getting attension and momentum kranthikumar 06/06/14 09:52:50 AM
#284   What about BLIAQ? mustang500hp 04/01/14 10:12:15 AM
#283   BLIBQ is smells like a winner kranthikumar 03/31/14 09:46:40 AM
#282   BLIBQ is having lot of buzz kranthikumar 03/18/14 10:21:53 AM
#281   Purely a manufactured runup, would be nice to MasterBlastr 05/26/12 03:59:45 PM
#280   Another $14k of confusion? Up 350% sidedraft 05/25/12 03:33:44 PM
#279   Because people were confusing it with the Blockbuster MasterBlastr 10/21/11 10:02:26 PM
#278   Why go to the trouble to change the sidedraft 10/21/11 10:00:20 PM
#277   Here is an informed guess. The stock MasterBlastr 10/21/11 09:52:06 PM
#276   Will do. sidedraft 10/21/11 07:14:58 PM
#275   I'll try and go through pacer this weekend risk on 10/21/11 06:06:44 PM
#274   Who knows? Why are both A and sidedraft 10/21/11 05:58:44 PM
#273   Lot of potential left blob, could/would the class risk on 10/21/11 04:19:48 PM
#272   We are on the Greys. Call your broker. sidedraft 10/19/11 05:59:45 PM
#271   I noticed the A stock is trading however tinywings 10/19/11 05:39:59 PM
#270   Correct, name change, potential the same. Still lots risk on 10/18/11 11:02:40 AM
#269   Symbol change: BLIBQ as of 10/13/2011 sidedraft 10/14/11 10:04:28 AM
#268   BLOAQ is now talked about on the BB sidedraft 10/14/11 09:49:07 AM
#267   BLOAQ board vanished into thin air lol. I Stockbus122112 10/14/11 09:48:59 AM
#266   Looks like Blockbuster halted again. Stockbus122112 10/14/11 09:43:55 AM
#265   I think that all trades, after today's opening sidedraft 09/29/11 10:03:10 PM
#264   Does anyone know what happened to anyone who HOLD4STEAK 09/29/11 02:54:09 PM
#263   Thanks you too. GreenMachine 09/29/11 10:21:51 AM
#262   Indeed, I wish this shoot out would of bigintexas 09/29/11 10:07:21 AM
#261   Yep it happens when you trade in the GreenMachine 09/29/11 09:56:46 AM
#260   Blockbuster stocks halted: Brico 09/29/11 09:53:04 AM
#259   I see, bigintexas 09/29/11 09:47:56 AM
#258   Trading has been halted.. GreenMachine 09/29/11 09:38:51 AM
#257   Holding BLOBQ is just getting started just you bigintexas 09/28/11 02:50:07 PM
#256   Talk about a mover GEEZ bigintexas 09/28/11 01:12:18 PM
#255   .14 Right around the corner bigintexas 09/28/11 12:57:43 PM
#254   Still looking strong bigintexas 09/28/11 12:48:42 PM
#253   BLOBQ @ .0966! Estrella 09/28/11 10:05:20 AM
#252   as far as i know... the shares (both Chin_Wolfy 09/27/11 11:07:18 AM
#251   Does anybody know if this will still be magicluck 04/09/11 05:35:48 PM
#250   I think the only difference between class A magicluck 04/09/11 02:13:38 PM
#249   Shares will be cancelled when the deal is MasterBlastr 04/08/11 07:57:44 AM
#248   Any ideas on how the shares will do KingMark 04/08/11 05:15:55 AM
#247   Dish buying BB good news for shares?? SS JJL 04/06/11 12:25:04 PM
#246   BLOBQ @ .09! Estrella 04/04/11 09:37:32 AM
#245   They are both the "real shares". All the JT Neroni 04/03/11 06:06:37 PM
#244   and what is class b shares mean BigRed2 03/30/11 03:24:36 PM
#243   just a question but which is the real BigRed2 03/30/11 03:23:10 PM
#242   BLOBQ @ .09! Estrella 03/14/11 10:53:37 AM
#241   BLOBQ @ .087! Estrella 03/11/11 10:51:52 AM
#240   Might this change things? sidedraft 03/04/11 03:25:55 PM
#239   right. i just wonder if timing will benjo 02/27/11 01:04:13 PM
#238   Well Big-money shareholders have been known to push these *MARINE 1* 02/27/11 12:59:51 PM
#237   doin' well thanks! i'm sure the PPS benjo 02/27/11 12:55:24 PM
#236   How are you benjo? *MARINE 1* 02/27/11 09:42:54 AM
PostSubject