Dallas
– Blockbuster (NYSE: BBI) on Wednesday announced new agreements with Fox, Sony and Warner
Bros. to provide day-and-date availability of movies for its store and mail
order DVD rental service. The studios will also provide "new enhanced
payment terms" to Blockbuster, in exchange for a first lien on the
company’s Canadian assets, which Blockbuster said will help it "continue
the recapitalization initiatives already underway."
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