John Antioco
John Antioco
John Antioco was the CEO of Blockbuster Video. He is the chairman of the board of directors at Red Mango. He holds a degree in Business Administration from the New York Institute of Technology...
building cash confident continue continued earnings generating great growth led remain retail solid store strength success year
By any measure, 2000 was a great year for Blockbuster, ... Building on the strength of 2000, we remain confident that we can continue generating solid cash earnings growth in 2001 and beyond, led by continued success in our retail store business.
given numbers reassure speak trying
I've given up trying to reassure them. I'll let the numbers speak for themselves.
large quarter spite
accomplished what we did this quarter in large part because of our no-late-fees program, not in spite of it.
focused overall
As we end one of the most challenging years for the in-store rental industry, we are focused more than ever on the overall profitability of our business.
consumer
The consumer has responded by renting more and renting more often,
access company consumers form goal provide rights streaming universal video whatever
Access to video streaming rights with Universal underscores our goal as a company to provide quality, in-home entertainment, in whatever form our consumers want it delivered,
allow believe combined domestic further increase industry market offering online saw share three time
For the first time in three years we saw an increase in domestic same-store rental revenues and we believe that our combined in-store and online rental offering will allow us to further increase our market share and outperform the domestic rental industry in 2006.
achieving cash closed debt enhanced financial flow lowering record strong
We closed 2001 with exceptional financial results, achieving record revenues, strong cash flow and enhanced operational profitability while lowering our debt by more than $430 million,
ahead business changing continue core direction move stores
We are not changing direction we will continue to move full-steam ahead with our core business, which is Blockbuster stores and Blockbuster online,
buy movies people store trade
We want to be the place where people can rent, buy or trade movies or games, in store or online.