As promised, yesterday's annual shareholder meeting at Blockbuster
While Blockbuster shares inched slightly higher on the news, Netflix
Don't bet on it. There is too much at stake here, and if online rentals become a two-horse race, Blockbuster is better off remaining competitive instead of giving Amazon.com
Ever since Icahn took a significant position, Antioco's performance has come under fire. It wasn't all Antioco's fault, as Viacom
Blockbuster has been trying the patience of its shareholders lately with its awkwardly marketed "No Late Fees" campaign and its failed bid to wrestle away Hollywood Entertainment
Antioco may have overstayed his welcome, but thanks to that meaty severance package, the "No Late Fees" policy clearly does not apply to him.
Some recently rented headlines:
- They sure are brawling at Blockbuster these days.
- Carl Icahn has been a successful corporate raider for decades.
- Blockbuster has to find a way to make its online and offline worlds jell.
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Longtime Fool contributor Rick Munarriz can't remember the last time he stepped into a Blockbuster store. He owns shares in Netflix. The Fool has a disclosure policy. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.