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1.09.2008

Blockbuster to benefit from Hollywood strike

CEO expects company to rent more TV episodes due to reruns
DALLAS - The chief executive of Blockbuster Inc. said Wednesday DVD rentals should get a boost early this year from high gasoline prices and the Hollywood writers' strike, which will help his stores rent more old TV episodes. James Keyes said the outlook made him confident that Blockbuster can meet covenants imposed by its lenders "in the first quarter and going forward." He said DVD rentals will benefit as pricey gasoline keeps people at home, and by store closings among rivals. And the Hollywood writers' strike will help Blockbuster rent more TV episodes, he said.

It never fails! People are always going to find a way to profit off of someone else's misfortunes. I guess its just business, nothing personal.

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