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Blockbuster stock falls after Q2 announcement


August 07, 2008 "The demise of Blockbuster has been greatly exaggerated," CEO Jim Keyes said Thursday while discussing second-quarter financial results. Wall Street wasn't buying it, though, and shares of the movie-rental giant shed more than 10%, making Blockbuster the worst performing stock on The Hollywood Reporter Showbiz 50 index. Examples include the integration of Movielink into its Total Access DVD-by-mail service; an ongoing test of the DVD kiosk business; and development of a set-top box for delivering movies on demand.

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