Best Selling HDTVs

April 7, 2009

Blockbuster's time on death row is nearly up

blockbuster_dying.jpgBlockbuster has, in my opinion, been on death row for some time now. Opinion is one thing, but we haven't seen any facts supporting my opinion...up until this week. In a Securities and Exchange Commission filing this week, Blockbuster revealed that a credit extension granted a couple of weeks ago may not work out after all. The lenders may not fund the loan unless Blockbuster meets conditions it may not be able to. If it can't, Blockbuster said there is "substantial doubt" about its business future.

Blockbuster has spent the last year playing catch-up to rivals like Netflix, iTunes, and Amazon Video on Demand. But it's too little to late I think.

Read

Read More in: General News

Share this Article with others: social bookmarking

Related Articles:

Came straight to this page? Visit TV Snob for all the latest news.

Posted by Justin Davey at April 7, 2009 7:42 PM

Recent Comments
Post a comment









Remember personal info?




Please enter the letter "h" in the field below:
Please press Post only once. Submission of comments takes up to 20 seconds because of Spam Filtering.
Steals & Deals
See all of the TV Snob Steals and Deals

Join the Mailing List Mailing List
Enter your Email


Powered by FeedBlitz
Subscribe - RSS

facebook_badge.jpg twitter_badge.jpg

Site Navigation

Visit our other properties at Blogpire.com!

Archives

TechPiree

This weblog is licensed under a Creative Commons License.

Powered by
Movable Type 6.3.6
All items Copyright © 1999-2017 Blogpire Productions. Please read our Disclaimer and Privacy Policy