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Has Blockbuster Finally Gone Bankrupt?

Posted 5 years ago
Credit: cinematical.com
Category: Movie


Has Blockbuster Finally Gone Bankrupt?

It was a good run while it lasted, but it looks like the video retail chain Blockbuster is finally on its way to the big strip mall in the sky. Yahoo reports that the video chain is close to filing for bankruptcy after a disastrous year, which saw them losing over $500 million in 2009. The Texas-based company has been meeting with lawyers to discuss their options, and even went as far as to consult Pierpont Communications about how to break the news to the press, and more importantly the stockholders, that the retailer had, "issued a regulatory filing claiming it may need...

Read the full story at cinematical.com
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