More on Blockbuster's Movielink Deal
Ars Technica reports that the Blockbuster-Movielink deal was likely in the $20 million range, meaning that Movielink burned through $100 million in capital without much to show for it.
“Movielink’s lack of success has made Warner Brothers, MGM, Paramount, Universal, and Sony anxious to unload it; Movielink had been on the market for well over a year before today’s announcement,” said Eric Bangeman in the article.
Ars Technica thinks that Movielink is unlikely to cure what ails Blockbuster.
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