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Blockbuster

Blockbuster misses another interest payment:

Video rental giant Blockbuster Inc. Has missed a payment to junior bondholders, making it the second time in three months the company has failed to meet a debt obligation. Ref. Source 8

Blockbuster

Debt, changing media habits topple Blockbuster:

Blockbuster Inc., once the dominant movie rental company in the U.S., filed for Chapter 11 bankruptcy protection on Thursday, reeling from mounting losses, rising debt and competitors that have better catered to Americans' changed media habits. Ref. Source 9

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Blockbuster Closing All Its U.S. Stores
Florida Business News

Blockbuster, the video-rental company now owned by Dish Network, will close its remaining 300 U.S. stores, ending an era for a retail chain that was once a hallmark of shopping centers nationwide.Blockbuster will shut the outlets by early January and discontinue its DVD-by-mail service by the middle of next month, Englewood, Colo.-based Dish said Wednesday in a statement. The company will keep the licensing rights to the Blockbuster brand and use it with Dish services. It also has a video-streaming product called Blockbuster On Demand.
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Blockbuster

Its like the end of an era. Blockbuster really mad a name brand for videos but you can get most anything off the net now. This is what happens when you base a business off of technology you only have a short window for a profit.