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Entries in bankruptcy (4)

Monday
Sep272010

Confused about Blockbuster's bankruptcy? This graph shows everything you really need to know

It's official. Last week, video rental giant Blockbuster Video filed for bankruptcy. This chart succinctly shows why. Thanks to The Consumerist for this "gross oversimplification" of the facts.

Friday
Aug272010

Blockbuster Video to file for bankruptcy

Dark days are ahead for the once king of video rentals. Blockbuster Video plans to file for Chapter 11 bankruptcy in the middle of September in an attempt to manage roughly $1 billion in debt and get out of leases for hundreds of its rental stores. Blockbuster has lost more than $1.1 billion since 2008 and has closed 1,000 stores in the last year. 

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Thursday
Aug122010

Today in too little, too late: Blockbuster and Comcast launch DVDsByMail.com

How slow can you go? Blockbuster Video, a once popular video rental chain that now faces bankruptcy, is teaming with Comcast to stave off its own death for a few more months. The two companies have launched DVDsByMail.com, a website that gives Comcast customers a great deal on renting DVDs...by mail. You know, like Netflix has been doing for 11 years. 

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Tuesday
Aug102010

MGM looms closer toward bankruptcy

MGM may go bankrupt by Sept. 15. That's what the internet is saying, at least. Purchasing bids have been too low, debt continues to mount, restructuring isn't fixing its problems, and its continued lack of capital has postponed projects like The Hobbit, Robocop, The Three Stooges, and the 23rd James Bond movie--all films that could make MGM money. The studio will file for bankruptcy or ask for a seventh extension on its debt, which exceeds $4 billion.

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