Tuesday, September 22, 2020

BLOCKBUSTER DECLARES BANKRUPTCY

September 23, 2010 by · Leave a Comment 

Unable to lift itself out from beneath a nearly $1-billion debt load, Blockbuster today (Thursday) filed for Chapter 11 bankruptcy protection. It said it plans to convert most of its debt into equity under a reorganization with bondholders that hold about 80 percent of its senior notes. Blockbuster said that they had agreed to provide […]

BLOCKBUSTER COPIES NETFLIX’S PROTOCOL IN CANADA

July 28, 2010 by · Leave a Comment 

The Canadian subsidiary of Blockbuster on Tuesday announced that it is rolling out a $9.99-a-month “Favorites Pass” subscription plan that will allow users to rent an unlimited number of DVDs — one at a time each month. “If you rent and return 15 movies in one month, each would cost just over 50 cents per […]