Blockbuster Plans Mid-September Bankruptcy

Fringe Reception

Super Moderator, Chief Content Editor
Staff member
Report: Blockbuster Plans Mid-September Bankruptcy - DailyFinance

From the article:

"Blockbuster (BBI) is laying the groundwork for a Chapter 11 bankruptcy filing in mid-September, according to a report in The Los Angles Times." ...

... "To conserve cash, Blockbuster apparently seeks to use the bankruptcy to unload roughly 500 to 800 lease contracts, which would lead to even more store closures on top of the 1,000 sites it closed last year, the Times noted." ...

* (Last year I shopped a Blockbuster Store that was closing and came home with a stack of low priced DVD movies: if the story is true, this is an opportunity for the public.)