Blockbuster gets going concern notice: SEC filing

reuters.com - 4/7/2009

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LOS ANGELES (Reuters) - Blockbuster Inc ( BBI.N ), the largest store-based U.S. movie rental chain, said the risk that it may not complete a deal to amend its credit facilities raises "substantial doubt" about its ability to continue as a going concern, according to a securities filing on ...

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Kotaku: Blockbuster May Be Going Bust [The Greatest Depression]

Bruce On Games: Eight news stories 9.4

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Blockbuster May Be Going Bust [The Greatest Depression]
Kotaku — ... if you'd pay your overdue late fees, renters. The company has warned it has "substantial doubt" about its ability to continue as a going concern. Yes, Blockbuster, the 24-year-old chain that rents "more video games than any other company, store-based or online, in the nation," is in rather dire financial straits. It told the SEC that it may not be able to continue, given that it may not be able to meet the conditions of a $250 million loan that would help keep it afloat. Blockbuster gets going concern notice: SEC filing [Reuters] ...

Eight news stories 9.4
Bruce On Games — ... Goodbye Blockbuster? It is easier to steal a CD or film online than it is to rent it. And games are moving to online distribution at speed ...