Blockbuster Plans to Announce Bakruptcy

Blockbuster, formerly America’s Starbucks of video rental stores (remember those?) is expected to file for bankruptcy next month. It’s not hard to see why since they’ve lost so much ground to Netflix, Redbox, Hulu, and P2P. In fact, Blockbuster has lost over 1.1 billion since 2008, is sitting on 920 million in debt, and was delisted from the New York Stock Exchange last month. Not good for them, but will anyone really miss them? I know I won’t.

Source: LA Times