Reuters reports that video rental chain Blockbuster is at risk of filing for bankruptcy, and its shares plummeted 76% on the NYSE, leading to a suspension.
The company has confirmed that it has appointed “lawyers and investment bank Rothschild to explore restructuring options — including a potential bankruptcy filing” but insisted “we do not intend to file for bankruptcy.”
Blockbuster has struggled to adapt to the digital download world and its falling influence over Hollywood studios and the film-watching public.
Will anyone really be sorry to see Blockbuster go?
2,000+ Subscribers
2,983 Twitter followers
2,764
RSS Subscribers
902
Fans
Games Brief - name
Games Brief - description
nicholas@gamesbrief.com - admin_email
http://www.gamesbrief.com - url
http://www.gamesbrief.com - wpurl
http://www.gamesbrief.com/wp-content/themes/kitsonian - stylesheet_directory
http://www.gamesbrief.com/wp-content/themes/kitsonian/style.css - stylesheet_url
http://www.gamesbrief.com/wp-content/themes/kitsonian - template_directory
http://www.gamesbrief.com/wp-content/themes/kitsonian - template_url
http://www.gamesbrief.com/feed/atom/ - atom_url
http://www.gamesbrief.com/feed/ - rss2_url
http://www.gamesbrief.com/feed/rss/ - rss_url
http://www.gamesbrief.com/xmlrpc.php - pingback_url
http://www.gamesbrief.com/feed/rdf/ - rdf_url
http://www.gamesbrief.com/comments/feed/atom/ - comments_atom_url
http://gamesbrief.disqus.com/latest.rss - comments_rss2_url
UTF-8 - charset
text/html - html_type
en-US - language
ltr - text_direction
3.3.1 - version
