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  "presentationDate": "2004-09-01 00:00:00",
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      "text": "Approximately 400 company-operated stores expected to be opened in 2004\nCapital expenditures expected to range between $250 million to $280 million, an increase over 2003, as compared with the $176.8 million recorded in 2003\nBlockbuster expects the rental industry to continue to decline in 2005, but believes the industry will stabilize by end of year as DVD penetration is expected to reach 70% of US households\nExpected softness in rental combined with continued heavy investment in the business will adversely affect profitability for the full year 2005",
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