According to the LA Times, Blockbuster is planning to file Chapter 11 bankruptcy in the middle of next month. It would be a pre-planned bankruptcy, so it's likely most of it's debtors would be aware of and on board the bankruptcy before it happens. Blockbuster dominated the home-movie rental market the last decade, but competitors like Netflix and Redbox caught Blockbuster off guard and stole the market. Do brick and mortar video stores have a chance at all, or is it too late?
[LA Times]
No comments:
Post a Comment