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Antioco was pushed out in July and replaced with James Keyes, who rejected Hastings' proposal, raised the price of online DVD rentals and put an end to the free movie deal. As a consequence, Blockbuster Online's previously massive growth quickly stopped. [70] Antioco's departure reportedly also involved continued controversy over his compensation.
John Antioco is an American businessman, known for being the former CEO of the now bankrupt Blockbuster Video who missed an opportunity to purchase Netflix before it became a multi-billion dollar streaming platform. He is now chairman of the board of directors at BRIX Holdings LLC and the Managing Partner of JAMCO Interests LLC.
The case against John was heard on 11 January 2019 by the WPBSA Disciplinary Committee. John was sentenced to a seven-year ban reduced to five years and seven months, which was back-dated to the beginning of his suspension on 22 May 2018 and ran until 21 December 2023. John was also ordered to pay £17,000 in costs. [48] [49] China Open ...
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DEJ was named after the first initials of its three executives at the time, its Executive Vice President Dean Wilson, its General Counsel and Executive Vice President of Business Development Ed Stead, and its CEO John Antioco. The company released a few of its acquired films theatrically.
Harris v. Blockbuster, Inc., 622 F. Supp. 2d 396 (N.D. Tex. 2009), [1] established precedent in the district that when a contract has a clause that authorizes one party to make changes to the "contract" without notification, that it is illusory and hence the entire "contract" is void.