Tag Archives: blockbuster

Blockbuster Finally Files for Bankruptcy

After years of rumors and months of procrastination, Blockbuster has finally filed for bankruptcy, effectively reducing their debt from $1 billion to $100 million. Blockbuster announced, via press release, a “pre-arranged” bankruptcy in order to “recapitalize” and “substantially reduce its indebtedness.” Unfortunately for most stock holders, your debt caused by Blockbuster is still your own. The Chapter 11 filing reads “Under ...

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Blockbuster Cozies Up To TiVo

Blockbuster is still the largest video rental store in the country but that’s not something to be proud of. People want content in their homes as soon as possible and driving to a store and renting a physical disc just doesn’t make the cut anymore. So, in an effort to save itself, Blockbuster has scrambled and partnered with dying DVR ...

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