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Blockbuster May Shut Retail Stores
Today @ PC World —
... is business jargon for the ability to continue as a functioning business that is not forced to liquidate its assets. The company operates 7400 stores globally , which spells bad news for Blockbuster employees and brick-and-mortar movie rental mavens. Blockbuster did not fare well in a battle against DVD-by-mail powerhouse Netflix, mostly because it was late to join the innovative distribution method and invested too much time and money in other endeavors, such as a ...
Blockbuster teetering on the edge of bankruptcy
DVICE Atom Feed —
... shown Blockbuster that people would rather walk to their mailboxes than drive to a store — twice — to watch a video. Blockbuster bravely tried to play catch-up/me-too with Netflix, spending itself into oblivion.
Too bad. If Blockbuster really does go bust, will Netflix take advantage of the lack of competition and raise prices even further? Victory is sweet, but for whom? Certainly not for the vanquished, and maybe not for us movie buffs, either.
Reuters, via CrunchGear
Mind if I Pay These Late Fees With a Few of My Blockbuster Shares?
Digital Daily —
... Blockbuster (BBI) in a Monday filing told the Securities and Exchange Commission what anyone who’s observed its fast-declining fortunes has known for some time now: the company isn’t sure it can stay in business much longer. In a PricewaterhouseCoopers LLP assessment included as part of ...
Blockbuster voices "substantial doubt" about ability to survive
Engadget —
... As depressing as it is to see an American icon come this close to collapse, is it really any surprise? While the world kept turning, Netflix kept reinventing itself and movies found their way onto the internets (legally), Blockbuster sat still... and ...
Blockbuster voices "substantial doubt" about ability to survive
Engadget HD —
... As depressing as it is to see an American icon come this close to collapse, is it really any surprise? While the world kept turning, Netflix kept reinventing itself and movies found their way onto the internets (legally), Blockbuster sat still... and ...
Blockbuster may shut retail stores
Macworld —
... is business jargon for the ability to continue as a functioning business that is not forced to liquidate its assets. The company operates 7400 stores globally , which spells bad news for Blockbuster employees and brick-and-mortar movie rental mavens. Blockbuster did not fare well in a battle against DVD-by-mail powerhouse Netflix, mostly because it was late to join the innovative distribution method and invested too much time and money in other endeavors, such as a ...
Blockbuster might close up shop; online rentals may be to blame
SlashGear —
I love Netflix as much as the next gal, but it seems these online video rental and streaming services are really knocking a dent in the brick and mortar rental industry. It’s so bad that Blockbuster is fairly positive they won’t be able to stay in business anymore.
So, how do we know this? Apparently, Blockbuster sent in a U.S. Securities and Exchange Commission filing yesterday that shows the company doesn’t feel they can stay in business. Their financial situation seems to be pretty dire, as they’re ...
Blockbuster May Be Going Bust [The Greatest Depression]
Kotaku —
... games than any other company, store-based or online, in the nation," is in rather dire financial straits. It told the SEC that it may not be able to continue, given that it may not be able to meet the conditions of a $250 million loan that would help keep it afloat. While things look grim for Blockbuster, there's a chance it could soldier on, something we'll know for sure mid-May. But hopes for the chain's video game rental by mail service to hit later this year sound iffy. Blockbuster gets going concern notice: SEC filing [Reuters]
Blockbuster’s financial outlook? Not so good.
VentureBeat —
... just might be on the ropes. The Dallas, Tex. movie rental chain said in a recent SEC filing that it may not be able to make good on some of the performance-based stipulations for an outstanding loan. If the rental giant isn’t able to secure the $250 million in loans it needs to survive, then its auditors say there’s “substantial doubt” about whether the flailing company can stay in business. ...
