Blockbuster Video Price Cut Move Poses Threat to Netflix

Summary


DALLAS - Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that some analysts believe could grow more than 40 percent this year.

Blockbuster said Tuesday it would cut prices $1 a month for customers who order movies only online and not at stores. Only a month ago, Blockbuster's CEO talked about raising prices.

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Extract


Blockbuster Video Price Cut Move Poses Threat to Netflix

Analysts said Netflix could be forced to drop prices, which woul...

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