Blockbuster announced that they have signed "day-and-date" agreements with Fox and Sony (they signed a similar deal with Warner Bros) that will give them access to Fox & Sony titles on the DVD release date for store and online rentals. In return, the studios get first lien rights on the assets of Blockbuster Canada.
"These important steps with three of the leading movie studios will continue a steady supply of top-rated movies for Blockbuster customers," said Tom Casey, Blockbuster Inc. Executive Vice President and Chief Financial Officer. "These positive signs of studio support are part of our overall recapitalization effort to drive top-line performance while reducing debt and operating costs at Blockbuster. This affirms our strong and collaborative business relations with these critical vendors."It looks like Blockbuster will continue have a 28 day advantage over Netflix and Redbox on a couple movies per month [the Warner movies], and has no advantage for any other titles (but might one day). It'll be interesting to see if this helps turn the company around.