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Blockbuster to go bust?

By on March 4, 2009

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?

About Nicholas Lovell

Nicholas is the founder of Gamesbrief, a blog dedicated to the business of games. It aims to be informative, authoritative and above all helpful to developers grappling with business strategy. He is the author of a growing list of books about making money in the games industry and other digital media, including How to Publish a Game and Design Rules for Free-to-Play Games, and Penguin-published title The Curve: