Thursday, April 06, 2006

Blockbuster to Fight Netflix Lawsuit

DALLAS (AP) - Blockbuster Inc. on Thursday said it plans to fight a lawsuit from online movie-rental service Netflix Inc., saying the company's patent-infringement claims are "without merit."
On Tuesday, Netflix sued Blockbuster in Northern California and asked a federal judge to shut down the company's online rental service on the grounds it violates two of Netflix's patents protecting how subscribers create a list of desired movies and receive a certain number of them at a time.
Netflix's lawsuit singled out Blockbuster despite similar online services sprouting at other companies, such as Wal-Mart Stores Inc.
Blockbuster, the nation's biggest movie-rental chain, had about 1.2 million subscribers to its online service by the end of 2005, according to the company. Users can browse an online DVD library and are mailed the next film on their lists when a previous one is returned.
Shares of Blockbuster rose 16 cents, or 4.2 percent, to $3.97 on the New York Stock Exchange, while Netflix fell 18 cents to $28.48 on the Nasdaq.
© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

All I have to say, is how jealous is Blockbuster? They can't stand the fact that Netflix and OnDemand are putting them out of business. Blockbuster sucks anyway I remember back in the day, before the fabulous Netflix, they never had any of the new releases or independent films. Netflix rules I hope Blockbuster loses their case!

1 comment:

Rye Guy said...

Hey Al... if you are going to cut and paste an article you might want to not include the part where it says this may not be redistributed or rebroadcast. LOL