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Wednesday, December 22, 2004 10:52:36 AM
Blokbuster just drop 2 of their mtly fee to $14.95
I think it will more of a cut throat industry, i hope we can compete with the big boys.
Blockbuster flat, Netflix down; sector mixed
By Russ Britt, CBS.MarketWatch.com
Last Update: 10:14 AM ET Dec. 22, 2004
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LOS ANGELES (CBS.MW) -- A new online pricing program by video rental giant Blockbuster left the company's shares flat but hurt online rival Netflix on a mixed day for the media sector.
NEWS FOR BBI
Blockbuster up, Netflix down; sector mixed
Strong debuts for Advance America, Arbinet in busy day
Online shopping now seen outpacing early estimates
Blockbuster (BBI: news, chart, profile) shares got an initial bump but they were unchanged recently at $9.67 after the company announced a reduction in monthly rental fees by $2.50 to $14.99.
The announcement, however, cut Netflix (NFLX: news, chart, profile) shares by $1.14, or 9 percent, to $11.46.
http://cbs.marketwatch.com/news/story.asp?guid=%7B35A6D6B5%2D3C25%2D4C16%2DB1E7%2D20EFFEC6CF90%7D&am...
THE THRILL OF VICTORY ;-) & THE AGONY OF DEFEAT ;-(
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