Blockbuster files for Bankruptcy

September 24, in Content

I believe that we have already covered how Blockbuster video is looking to filed for bankruptcy, and they have officially done it as of last week.

Not surprising, really. The company lists assets of $1.02 billion and a debt of $1.46 billion. They have already shut down over 1,500 stores last year.

There is no word on the other 1,500 stores, or the future of BlockBuster, but it looks bleak. I guess we knew that Netflix and online movie streaming was going to do the big BB in. It was only a question of when.


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