Guest Animis Posted September 23, 2010 Report Share Posted September 23, 2010 Blockbuster filed bankruptcy - Chapter 11. They did it this morning 9/23/2010. News Release: Here They just can't compete with Netflix and Redbox. Their overhead is too high, and they are currently ?1 billion? dollars in debt. They said they plan to recapitalize and change their business structure, in the mean time they are keeping their stores open as usual while they undergo this company-wide transformation... But stores in Argentina have all just been shut down completely, gone. Quote Link to comment Share on other sites More sharing options...
goLfie Posted September 23, 2010 Report Share Posted September 23, 2010 Another one bits the dust! It's only a matter of time until all brick & mortar stores follow this pattern. The only places left will be grocery stores and premium stores in high-traffic area. I use netflix and redbox anyways Quote Link to comment Share on other sites More sharing options...
Steve Krause Posted September 25, 2010 Report Share Posted September 25, 2010 NetFlix for the Win. Bought Netflix at $26 a share Quote Link to comment Share on other sites More sharing options...
shockersh Posted September 30, 2010 Report Share Posted September 30, 2010 NetFlix for the Win. Bought Netflix at $26 a share Who cares what you bought it at. What did you SELL it at. Did you hold it? Looks like it hit $170 this week. Quote Link to comment Share on other sites More sharing options...
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