BLOCKBUSTER REVENUES RISE; FEE-SHARING APPROACH CITED

DALLAS -- Blockbuster Entertainment is "fixed," proclaimed Sumner Redstone, chairman of Viacom, New York, parent of the video specialty store giant, in national press reports.Redstone's comments came after first-quarter financial statements that showed a dramatic upturn in Blockbuster's business. Same-store video revenues increased 9.3% in that quarter, compared with a 4.5% decline for the same period

DALLAS -- Blockbuster Entertainment is "fixed," proclaimed Sumner Redstone, chairman of Viacom, New York, parent of the video specialty store giant, in national press reports.

Redstone's comments came after first-quarter financial statements that showed a dramatic upturn in Blockbuster's business. Same-store video revenues increased 9.3% in that quarter, compared with a 4.5% decline for the same period a year ago, noted John Antioco, Blockbuster's chief executive officer.

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