Tweet I was just looking through the list of the 145 stores in which Blockbuster will be cancelling leases and closing as an initial step in their bankruptcy process. The list shows the monthly rent for each of these locations. A few of the rental figures caught my attention as being inordinately high and I [...]
Tweet Filed under Another Tech Takedown: From Zero Hedge: Movie Gallery’s Chapter 22 just turned into a 7. The WSJ reports that the firm has decided to shutter all of its 2,415 stores and liquidate completely. Previously, the bankrupt movie rental chain had hoped to continue operating with a trimmed down asset base, and close [...]
Tweet Blockbuster Video is having a tough year. Shares of the video rental giant have fallen 93% over the last year and their shares are now down to $0.22 / share after taking a 77% beating today in after hours trading after a report was published that Blockbuster is considering a bankruptcy filing. You can [...]