04/07, 9:05am
Blockbuster may Exit
Blockbuster yesterday submitted a US Securities and Exchange Commission filing that reveals the company doesn't believe it can continue business. The video store is no longer certain that it can remain a "going concern" and may have to stop operations and close its doors if its financial situation doesn't improve in the near future. The warning comes in spite of a $250 million refinancing loan having been put in place just last week; Blockbuster now says there is "no assurance" that it can meet the requirements of the transaction before it's completed on May 11th.
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11/25, 1:15pm
Blockbuster VOD set-top
As promised earlier this month, video and game rental giant Blockbuster on Tuesday announced it would begin selling the previously introduced 2Wire MediaPoint player, a hub that brings video-on-demand (VOD) movies over the Internet to users' TVs. The set-top box connects to the Internet via an Ethernet link or built-in Wi-Fi module and, unlike similar products from competitors, does not require a monthly subscription or minimum rental requirement. Blockbuster promises DVD quality movies with the ability to fast-forward, rewind and pause capabilities, as well as saving movies for viewing later. The player has an HDMI connection for connecting it to HDTVs.
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11/10, 3:45pm
2Wire intros MediaPoint
2Wire has recently introduced its MediaPoint set-top box that is designed to deliver HD video content via a broadband connection. The MediaPoint will offer remote access options, allowing users to control its functions over the web, and connects to home networks via a wired or wireless connection. It will also stream media from connected USB flash drives and external hard drives thanks to built-in USB ports. There is of course an HDMI output, and the device is compatible with UPnP- and DLNA-enabled devices.
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