Blockbuster files for chapter 11 bankruptcy

Although it may not come as a shock to anyone, [Blockbuster has finally packed it][Blockbuster[ in and filed for bankruptcy. Blockbuster, which employs about 25,000 people, has been closing stores as it grapples with competition from Netflix, Coinstar unit Redbox and others that deliver movie rentals digitally. It’s been evident for several years now thatContinue reading “Blockbuster files for chapter 11 bankruptcy”