Daily Marauder

MISC

The Wall Street Journal reports that Blockbuster‘s first-quarter revenue shrank nearly 20% to $1.12 billion and earnings dropped 39%. Blockbuster said few strong movies were available for rental during the quarter, but big titles, including “Watchmen,” will be out soon. The Wall Street Journal (5/15)

Metro-Goldwyn-Mayer, the movie studio controlled by Providence Equity Partners and TPG, is in talks to restructure $3.7 billion in debt. The studio says it aims to stay independent. (Iwantmedia 5/15, http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAkQCXqtlHvg 5/14)

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