Wednesday, September 22, 2010

Blockbuster expected to file for bankruptcy

Blockbuster, a movie store that has been around for a long time is now about to be bankrupted. This is because of the outlets in favor services such as Netflix. They are about $900 million of debt, according to filings with the U.S. Securities and Exchange Commission.The company is working with debt holders on a plan to solve their problems.

Personally i think that this was bound to happen sometime and soon our food is going to be sent by mail as well. Face it would you rather drive to Blockbuster or watch movies from your laptop or sent to you? Yes we are lazy people but i think that we need to support these companies because without them it would cause a monopoly.

http://www.msnbc.msn.com/id/39311334/ns/business-retail/

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