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onkarkulkarni
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Blockbuster Files for Bankruptcy

submitted on September 23, 2010 by onkarkulkarni in "Stores / Merchants", last updated on December 27, 2010 by HouTex
Blockbuster is going belly up as it filed for bankruptcy thursday morning..Check out this news. Everyone knew it was coming but this was a bit early I guess!

http://money.cnn.com/2010/09/2.....n&hpt=Sbin
1. Did you rent movies or games from Blockbuster?
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  • 80370
    YanBz
    admin
    Posted by YanBz on September 23, 2010
    [reply] 2 0
    Adding them to our Retail Bankruptcies wiki page
    http://www.buxr.com/wiki/retail_bankruptcies
  • 80375
    vectra5
    professor
    3 1 1
    Posted by vectra5 on September 23, 2010
    [reply] 1 0
    My free one month trial is expiring this weekend... that's the only reason I signed up.. otherwise I don't rent anything from blockbuster..
      80389
    • mooncow728
      professor
      1 1
      12 6 1
      Posted by mooncow728 on September 23, 2010
      [reply] 1 0
      Same thing with me. All the Blockbusters in town moved out long ago. There are a few of those Redbox type things but they are all located in gas stations in bad neighborhoods so I don't go near them. It doesn't surprise me that they are going bankrupt.
  • 80397
    sandyshore
    professor
    2 1
    12 8 1
    Posted by sandyshore on September 23, 2010
    [reply] 5 0
    Thought I'd add this information that arrived in my inbox today. My local Blockbuster store was never a preference but the express box was because the selection they carry over the local Red Box is so much better.

    The local Blockbuster Express is a separate entity and they are making sure customers are aware they are not affected by this change.

    http://click.bbexpressrental.c......com&SN=CP
  • 80571
    lootango
    professor
    11 9 1
    Posted by lootango on September 24, 2010 [reply] 0 0
    I used to do the Blockbuster thing but found I enjoyed Netflix more when that became available. Still can't believe they're closing. It was definitely a long time coming with on-line streaming, Netflix, RedBox, etc, etc.
  • 93276
    HouTex
    admin
    Posted by HouTex on December 27, 2010
    [reply] 1 0
    Blockbuster will close 182 more locations soon. http://www.bloomberg.com/news/.....-2011.html
    Blockbuster has already closed more than 1,000 underperforming stores in the past two years. It had about 3,000 stores when it entered bankruptcy protection.


    Blockbuster has requested several extensions to file their reorganization plan. They had previously negotiated an extension to December 15, and now will have until January 14 to file and until February 11, 2011 to obtain court approval of the plan. http://www.insideredbox.com/bl.....yet-again/
  • 93293
    deby32953
    professor
    Posted by deby32953 on December 27, 2010 [reply] 0 0
    I'm not surprised. Not too smart to raise prices when you're a struggling company.

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