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Blockbuster to shutter up to 960 stores

A Securities and Exchange Commission filing has revealed Blockbuster's plans to close up to 960 retail store locations by the end of 2010 as it attempts to makes its operation more financially stable.

According to the company's filing, it plans to close all unprofitable stores, while refocusing its efforts "to improve four-wall profitability." To do so, the company first analyzed its over 7,000 stores to determine if they were profitable or not. A whopping 18 percent of Blockbuster's stores are unprofitable. The remaining stores are profitable.

Prior to making the decision to close some of its unprofitable locations, Blockbuster planned to close 280 to 300 stores as part of a grouping it calls, "normal closures." Stores added to the "accelerated closures" category will also be closed by the end of this year. According to Blockbuster, the number of accelerated closures will equal 300 to 385 locations.

Next year will be a slightly less active year for store closures. Blockbuster indicated in its SEC filing that 2010 will bring 100 to 125 normal closures and 130 to 150 accelerated closures. By the end of 2010, it expects to have closed 810 to 960 retail locations.

As troubling as that might sound, Blockbuster spokesperson Randy Hargrove said in a phone conversation that a certain amount of measured skepticism should be exercised. According to Hargrove, these figures are not guaranteed.

"All these stores are candidate stores," Hargrove said. "Although we may in fact close that many stores, if we can renegotiate leases or remodel stores to make them more profitable, that number might go down."

But Blockbuster's closure story doesn't quite end there. Further down in the filing, Blockbuster indicated that 275 to 300 stores are subject to the company's "lease mitigation/termination efforts." Another 250 to 300 stores might be converted into outlets. If successful, that would bring Blockbuster's grand total of rental store closures to 1,335 to 1,560, or up to about 22 percent of all the stores currently in operation.… Read more

Sony's cheapest streaming-video TV reviewed

This year most major TV makers are using interactive features to distinguish themselves from the others, and unlike differences in black level performance and off-angle viewing, it's easy for shoppers to tell the various interactive add-ons apart. Whether they actually want said add-ons is another question.

Sony's KDL-W5100 series represents the company's most affordable attempt at interactive TV, although it still costs a few hundred more than the entry-level Internet-ready sets from its competitors. Sony does offer a lot of extras, however, including select Yahoo widgets, scads of streaming Web video (much of it pretty niche), Amazon … Read more

Samsung adds YouTube, MKV to Blu-ray players

Add YouTube the growing list of streaming media services supported by Samsung Blu-ray players. Effective immediately, Google's megapopular online video site will be added to the Samsung's current 2009 (and future) Blu-ray players via a free firmware update. The update also adds support for playback of MKV files. (A placeholder button has been added for the previously announced Blockbuster video-on-demand service streaming service as well; it's still on track to be added later this year.)

We were able to run the automatic firmware update on our Samsung BD-P3600 review sample quickly and painlessly. The YouTube main menu (… Read more

BOL 1056: Time to get a pimp

Ok, but just to be clear, when I say it's time for me to get a pimp, what I MEAN is that it's time to get a PMP -- a portable media player. That is, perhaps, an iPod Touch. Anyway, you'll understand. In other news, the MPAA is trying to clamp down on your analog hole and break your DVR all at the same time and Apple's Snow Leopard is having a rough landing ... apparently because of the picture on the box.

Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) … Read more

Blockbuster, Motorola team up for mobile movies

After inking a deal with Samsung last month to deliver movies directly to your home, Blockbuster announced on Tuesday that its OnDemand service is also coming to your mobile phone.

Blockbuster OnDemand, to be available on "select" Motorola mobile phones, will provide users with access to "thousands" of films, the company said in a statement. Users of the upcoming application, whose release date is yet to be announced, will also be able to choose films for home delivery or reserve titles for in-store pickup.

According to Blockbuster, the Motorola deal is yet another element in its strategy of providing consumers with options to get its movies anywhere, at any time.

For its part, Motorola believes that offering Blockbuster movies on its handsets will help it regain some of its appeal. The company once sat atop the mobile-phone industry. Today, it's a shadow of its former self. And it's trying desperately to regain some market share.

That might be coming through Android-based devices. Motorola has already signed on to deliver Android phones. Blockbuster's app might become a component in that strategy. But by competing with the iPhone and its many multimedia capabilities, Motorola and Blockbuster will be facing an uphill battle.… Read more

Sony 'cautiously optimistic' about holiday retail sales

Despite ongoing problems in the company as a whole, Sony's electronics division is looking on the bright side when it comes to the all-important winter retail season.

Looking ahead to the holidays, Sony Electronics' Executive Vice President Mike Fasulo said Tuesday at a small media gathering in San Francisco that the gadget maker is hopeful about better sales this year than last.

"I'm cautiously optimistic about (holiday retail sales). Though I'm cautious about saying I'm cautiously optimistic," he said. Among retailers that sell Sony products, there's also "some notion this will be a better holiday than the previous year."

Sales of consumer electronics sunk 26 percent in the 2008 holiday season, according to one survey.

Fasulo's remarks came on a day filled with announcements from Sony, both on the electronics side, and the video game division, Sony Computer Entertainment America. Although it's only August, the company, like many in its industry, is already gearing up to introduce the products it hopes shoppers will snap up before they head back to school, as well as for holiday gifts.

Sony Electronics introduced a new line of home audio equipment Tuesday, called Altus, that it developed in partnership with Best Buy, though other retailers will eventually offer it too. Altus receivers, speakers, and iPod docks are aimed at a less tech-savvy audience, with minimal setup required. … Read more

Netflix to follow up its million-dollar contest

Netflix is in the process of readying the second iteration of its million-dollar algorithm contest.

The original prize, which began in late 2006 and recently reached its final deadline, had both teams and individuals striving to better Netflix's algorithm for recommending movies to users--all in the hopes of winning a $1 million prize. This was later split up into smaller prizes as the contest dragged on.

According to the Associated Press, which sources a Netflix forum post by Netflix Chief Product Officer Neil Hunt, the next contest is set to debut next month along with the unveiling of the … Read more

BOL 1039: Look Timmy, PaPa's got WiFi in his chest

We started by reporting on the amazing technology that allows pacemakers to wirelessly transmit diagnostic info to a bedside device making the pacemaker safer and doctor visits shorter. But we found the most compelling fact the idea that this would be WiFi. Which we think should mean hotspots and a mesh network. It solves a lot of problems. Think about it. Also no Apple, Twitter or Google news today. Sorry. There is a robot story.

Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) EPISODE 1039

Facebook buys FriendFeed http://news.cnet.com/8301-13577_3-10306560-36.html… Read more

Xbox 360 Summer dashboard update available

Xbox 360 owners who fire up their console today will be prompted to download the new Summer 2009 dashboard update. Among the highlights of the new software is updated Netflix functionality ("Party Watch" mode and the capability to automatically add new and popular movies and TV shows to your queue directly through the onscreen interface), more avatar customization options, and larger selection of games on-demand (digital download of full Xbox 360 titles formerly available only on disc). A full list of features can be found at the Xbox Web site.

On the Netflix front: Microsoft is now touting … Read more

MLB beefs up Roku's rotation

In its bid to put together a roster of compelling content, Roku has just acquired an ace.

Starting Tuesday, the set-top box--known to many as "the Netflix box"--will begin streaming Major League Baseball games. As with the current Netflix arrangement, you have to be a subscriber to the service, in this case MLB.com Premium, to access the content that normally would be available only on a PC or iPhone.

And while this is a boon to baseball fans, it's an even more important development for Roku. MLB.tv Premium is the first live content available on Roku's device, and by bringing that from the PC to the TV, the 50-person Saratoga, Calif., company is beginning to differentiate itself from similar consumer electronics products.

Roku currently has access to the Netflix Watch Instantly queue, as well as Amazon Video on Demand, which allows for rental and purchase of movies. More recently, Roku added content from Blip.TV and MediaFly, two content aggregators, for videos and podcasts.

MLB.tv will work the same way. It will be accessed via a new pane that can be reached via the small remote. Once a customer's account is synced, any live, out-of-market (as in, not your home team) game across the league can be seen, with the choice of both the home and away team's local broadcast feed. Games up to one week old are available in the archive, and previews appear of each team's scheduled games up to a week in advance.… Read more