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Debt, changing media habits topple Blockbuster
Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans’ changed media habits. For now,… Blockbuster – Chapter 11 Title 11 United States Code – United States – Renting – Law
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Blockbuster Files For Bankruptcy Protection
Blockbuster, once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, after reeling from mounting losses, rising debt and competitors that have better catered to Americans’ changed media habits. Blockbuster will continue to operate its 3,000 U.S. stores. But the move, long expected, marks the end of an era that Blockbuster and its gold-and-blue …
Read more on CBS 11 Dallas – Fort Worth