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Prospector
Profile
07.1167
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| Blockbuster, Inc. |
NAICS |
532230 |
| 1201 Elm Street
Dallas, TX 75270 |
Description |
Video Rental |
| (214) 854-3000 |
Employees |
67300 |
| http://www.blockbuster.com/ |
Revenue |
(mil) |
5523.5000 |
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Income |
(mil) |
54.7000 |
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Assets |
(mil) |
3137.2000 |
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Liability |
(mil) |
2394.8000 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Moody's Investors Service downgraded Blockbuster, Inc.'s corporate family rating to 'Caa1' from 'B3'. Moody's also affirmed its Caa2, LGD6, 92% rating on the company's seniopr subordinated notes. The rating outlook remains negative. Moody's noted that the downgrade is prompted by the company's weak first first and second quarter results which were significant below the rating agency's expectations and resulted in the company needing to attain an amendment to the financial covenants contained in its senior secured bank credit facilities.
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Intellectual Property:
The Company owns various existing trademark registrations and has trademark applications pending registration with respect to services and products offered worldwide. These include BLOCKBUSTER®, BLOCKBUSTER VIDEO®, TORN TICKET Logos, blockbuster.com®, BLOCKBUSTER Total Access™ word mark and logo, BLOCKBUSTER Online®, BLOCKBUSTER Night®, BLOCKBUSTER GiftCard/s®, BLOCKBUSTER Game Pass® and BLOCKBUSTER Movie Pass® word marks and logos, BLOCKBUSTER Rewards® word mark and logo and the related BLOCKBUSTER Family of Marks, GAME RUSH® word mark and logo, ONLINE RENTING WITHOUT THE WAIT™, MyQ™, MyQ Logo®, MyQ At A Glance Logo®, LIFE AFTER LATE FEES®, THE MOVIE STORE AT YOUR DOOR®, RENTING IS BETTER THAN EVER®, THE GIFT OF ENTERTAINMENT®, MAKE IT A BLOCKBUSTER NIGHT®, QUIK DROP®, GAMESTATION® and XTRA-VISION®, among others, and trade dress elements including the blue and yellow awning outside its stores. In addition, the Company owns the domain name registration for “blockbuster.com” and various “blockbuster” top level and country domain names, and a wide variety of other domain name registrations worldwide. [SEC Filing 10-K 03-01-07]
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Description:
The Company operates and franchises entertainment-related stores in the U.S. and internationally.
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Officers:
John F. Antioco (Chair & CEO); Larry J. Zine (EVP, CFO & Chief Admin. Officer); Frank G. Paci (EVP-Strategic Planning & Bus. Dev't.); Nicholas P. Shepherd (EVP & Pres.-Worldwide Stores); Edward Bleier (Dir.); Robert A. Bowman (Dir.); Jackie M. Clegg (Dir.); James W. Crystal (Dir.); Gary J. Fernandes (Dir.); Jules Haimovitz (Dir.); Carl C. Icahn (Dir.); Strauss Zelnick (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common Stock Symbol BBI; NYSE; 192,039,545 common shares outstanding as of May 7, 2007.
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