Tag Archives: media streamers

Blockbuster to fill for bankruptcy by mid-September

In a not totally unexpected news, LA Times announces that Blockbuster is getting ready to fill for bankruptcy by the mid of next month. With a debt that tops one billion dollars and hard to pay leases for more than 500 stores (from a total of 3,425) Blockbuster needs to restructure while being protected by the bankruptcy process if they want to e-surface later as a healthy company. Although if you accumulated debt in excess of a billion dollars, there must be something wrong with your business model and you need to start anew. At this point though, what they need the most is the support from the Hollywood studios to provide them with the DVD/Blu-ray disks that are the main part of their business. Time will tell if Blockbuster has any chance against their more hi-tech competitor Netflix. After all, how many media streamers did you see lately advertising streaming from Blockbuster ???