Wednesday, January 07, 2009

Blockbuster CEO open to partnerships with telecoms

SAN FRANCISCO (Reuters) – Blockbuster Inc , the largest U.S. movie rental chain, is open to collaboration with telecom companies such as Verizon Communications Inc and AT&T Inc as it expands into the video-on-demand business, chief executive officer Jim Keyes said on Tuesday.

"As we move toward video-on-demand and pay-per-view, Blockbuster is well positioned not only to compete on our own, but also to partner with others," said Keyes to analysts at a Citigroup media conference.

Blockbuster in November rolled out a digital media player that allows customers to download high-definition quality movies to their TVs via broadband lines. Rival Netflix Inc, released a service to watch movies over the Web six months earlier.

Verizon and AT&T have begun offering packages of high-speed Internet and video along with phone services to help them compete better with cable service providers.

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