According to the NYPost, Blockbuster is on its last legs, and is looking for an equity partner as it runs completely out of money.
Citing insider sources, Blockbuster needs $213.5 million in cash to pay off loans and interest for 2010, with a similar amount coming due in 2011. According to latest financials, the company only has about $211 million in cash, and is expected to lose as much as $120 million in 2010, leaving them with no ability to pay off the loans unless they sell more of their assets, or complete larger cost cutting measures.
After the report, Blockbuster CEO Jim Keyes disagreed with the assessment: “All your numbers are wrong. They bear no resemblance to any materials we have in the market.” Any talks with private equity firms are for “strategic alternatives,” not to add capital infusions.
In February, Blockbuster said they owed $105 million in interest payments for 2010, but did not add what they needed to pay in principal.
Result for: blockbuster
A look at the minimum system requirements for the upcoming blockbuster Just Cause 2 shows that the title won’t work on installations of Windows XP. This would represent one of the first high profile releases not to be supported by the still-popular Microsoft operating system. The requirements specifies that an operating system newer than XP is required, and provides a hint why.
The game requires at least DirectX 10. Windows XP can only officially go as far as DirectX 9, meaning that gamers would need to be using Windows Vista or Windows 7 to play the game. A recent hardware/software survey from Steam showed that 42.15 percent of its users were in fact still running the Windows XP operating system, although Windows 7 was becoming popular very fast.
Of course, there have been several methods used to install DirectX 10 on Windows XP since it was launched, none of which are supported by Microsoft and several of which have no support from their original authors either. So maybe it is “technically” possible to run it on Windows XP, but it is a shame that users should have to install a hacked DirectX 10 package and probably patch the game files themselves to play it on Windows XP.
Amazon.com incorrectly lists XP as supported in search results.
Minimum System Requirements
Operating System: Microsoft Windows Vista or Windows 7 (Windows XP is unsupported)
Processor: Dual-core CPU with SSE3 (Athlon 64 X2 4200 / Pentium D 3GHz)
Graphics Card: Nvidia Geforce 8800 Series / ATI Radeon HD 2600 Pro with 256MB memory or equivalent DX10 card with 256MB memory
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Result for: blockbuster
Director James Cameron has announced that his epic blockbuster hit Avatar will be released on DVD and Blu-ray in April, although the first version released will not be in 3D.
The original Cameron quote is as follows: “It’s all right on schedule. We’ll do the Blu-ray and the standard def DVD April 22nd, that’s our plan as of right now, and that’ll be pretty much bare bones. And then we’ll do a value-added DVD and a 3-D Blu-ray in I think November sometime.”
Fox however, has stated that the 3D version is not coming out in November. Says the spokesperson: “3-D is in the conceptual stage and ‘Avatar’ will not be out on 3-D Blu-ray in November.”
‘Avatar,’ released in December, has quickly become the highest-grossing film of all-time (not adjusted for ticket inflation), and is the highest-grossing film in U.S., Chinese, Russian, Spanish, U.K history.
