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 DALLAS (AP) - Blockbuster Inc. said Wednesday that its first-quarter loss widened because of a soft market for movie rentals and heavy spending on its online rental program, which competes with Netflix Inc. Shares of Blockbuster fell 13 percent.
Chairman and Chief Executive John Antioco said the stores face "an extremely tough" sales climate but said Blockbuster's online service will turn profitable next year.
Antioco said prices for online rentals might have to rise and that the chain may let customers rent movies over the Web without paying a monthly subscription.
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