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Media

Will Comcast Finally Do Blockbuster In?

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By Douglas A. McIntyre Published
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Stocks:  (BBY)(CMCSA)

Comcast is testing a program that allows consumers to see a movie on cable VOD that same day it is available in DVD form at stores. The time period between the release of DVD and their cable release is now a month of more.

According to The New York Times, Blockbuster’s reaction was: “we believe that they will be very cautious in introducing any new less profitable service that could be cannibalistic to the rental and retail channel.”  Well, that may be true today, but it may not be true for long.

No one believes that Blockbuster can make it through the mine field of telecom TV, cable VOD, and competition from firms like NetFlix. It shows in the stock which traded near $30 in 2002 is now trading at just above $5.

With cable getting more aggressive by the day, it could go much lower.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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