Is blockbuster going out of business?
Blockbuster Inc. is planning to file for bankruptcy 9/23/2010. A report states they plan to focus on the stores that are making money, and use a $125 million loan to strengthen its online streaming and DVD by mail business.
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Executives from Blockbuster & its senior debt holders met w/ 6 major movie studios to discuss their intention to enter a "pre-planned" bankruptcy in mid-Sept. Whether or not it goes out of business depends on whether it successfully exits bankruptcy.
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I did not find any information confirming that. ChaCha again soon!
Answered by Jon S. -
Blockbuster is struggling but has not announced plans to close. ChaCha all night!!
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In 2007, it was speculated that the company may go out of business due to rising interest in Netflix, and the like. Reply for more
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