General News

Blockbuster may end revenue-sharing deals with studios

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Jul 25, 2001 | 12:00pm EDT

With DVD rentals becoming increasingly popular, Blockbuster is considering renegotiating its revenue-sharing deals with the major movie studios that have cut the chain's profit margin on cassette rentals, the Wall Street Journal reported Wednesday. Blockbuster Chairman and CEO John Antioco told analysts Tuesday that DVD rentals are up about 166 percent for the first half and helped boost second-quarter revenue over a year ago. Antioco noted that about 30 percent of Blockbuster's customers now own DVD players.

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