Blockbuster $1B in debt, talks bankruptcy

Blockbuster is almost a $1 billion in debt and planning to close even more stores. It told federal regulators bankruptcy is likely because of revenue losses and increasing competition.

March 17, 2010 4:15:28 PM PDT
If you have a blockbuster gift card, now would be a very good time to cash in. The one-time giant of movie rental industry is now talking bankruptcy."

Blockbuster is almost a $1 billion in debt and planning to close even more stores. It told federal regulators bankruptcy is likely because of revenue losses and increasing competition.


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