The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
June 12, 2001
Blockbuster Bartering $460 Million In Coupons To Settle Late-Charge Lawsuits
The video chain, Blockbuster, a publicly traded unit of New York's Viacom, last year earned about 19% of its rental income from late fees. Some $795.8 million out of $4.16 billion.
The video-rental chain denied any wrongdoing in a class-action lawsuit, and will stick to its current policy on late fees, but is offering to give out coupons with a total value of $460 million.
Under the proposal, members who were charged the late fees at one of Blockbuster's 7,700 stores will automatically receive certificates when they rent videos. (Blockbuster is also picking up the $9.25 million in plaintiff's attorneys fees and expenses.)
Cinnabar To Develop Barter4Golf.com
Cinnabar Enterprises (OTCBB: CINN) in cooperation with Cinnabar's Corporate Trade Division, BarterOne, and the Links Group, announces their involvement to develop Barter4Golf.com.
The new interactive web site will promote barter opportunities currently available within the golf industry including: green fees, cart rentals, lessons, league play, tournaments, and related merchandise.
For current BarterOne account holders, visitors to the e-commerce site will have the opportunity to reserve tee times online, book hotel rooms, and make other associated purchases.
The site will be actively marketed to business owners who are not currently clients of a barter company, enjoy golf, and are interested in trading their company's products or services for desired tee times.
Additionally, corporate clients can explore meeting and convention options available through barter. Steve Buss, Cinnabar's network administrator, has been designated as lead developer for the project. For more information contact him at: email@example.com, or call toll free at (843) 824-1435.
Football League About To Hit "Pay-dirt"
NFL's old internet deal with the ESPN Internet Group was
worth approximately $10 million over three years. How
times have changed! The league expects to do a landmark
deal with one of three companies the NFL is
The five-year deal is a complicated one, to manage the league's web properties. One of the reasons for the high value attached to the NFL web rights is the tight grip the league has kept over its digital prizes--an enormous library of online video.
Bottomline, the league expects to get $100 million this time around in cash, plus an additional $200 million to $250 million in "non-cash" value, which will include promotional placement across the media companies' various platforms and the service of producing the NFL's web site.
Here And There. . .
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