If you have a home theater (or just like movies) chances are you’ve rented a movie at least once. And, depending on your location, chances are Blockbuster was/is a staple in your movie renting habits. However, as of late Blockbuster has been on a slow downward spiral due to things such as Netflix and other media streaming outlets. In fact, business has gotten so bad for the movie renting giant that reports have surfaced that say Blockbuster has just hired Winchester Capital to sell its entire European division which includes over 650 stores.
According to BGR, the sale could net them around $76 million which is something the company desperately needs considering their debt is lingering right around $964 million.