Video Rental, Blockbuster Bankruptcy | featured news

Blockbuster to put itself up for sale

Blockbuster to put itself up for sale

Blockbuster submits a plan for auction in U.S. Bankruptcy Court. To set a floor on price, a group of creditors puts in an opening bid of $290 million.

 

Debt, changing media habits topple Blockbuster

Debt, changing media habits topple Blockbuster

Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans changed media habits.

Senh: Blockbuster was too arrogant. When Netflix started gaining popularity several years ago, the CEO back then called it a niche market, and that they're not worry about it at all. Now, Netflix has 15 monthly subscribers, and Blockbuster is bankrupt.

 

Blockbuster to file for bankruptcy this week

Blockbuster to file for bankruptcy this week

Video rental giant Blockbuster is expected to file for Chapter 11 bankruptcy protection as early as today, the Wall Street Journal reported Wednesday, citing sources.

 

Blockbuster to file bankruptcy in September

Blockbuster to file bankruptcy in September

Blockbuster Inc. will file bankruptcy next month, people familiar with the matter have told the Los Angeles Times.

 

Blockbuster Debt Talks Snag

Blockbuster's debt-reduction talks have been tripped up by disagreement over what size cash-injection the video-rental chain needs.

 

Blockbuster has 'substantial doubt' it can remain solvent

Blockbuster has 'substantial doubt' it can remain solvent

Blockbuster said in its annual report for 2009 that continuing losses and debt raise "substantial doubt" about its ability to ...

 

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