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msnbc.msn.com - 4/7/2009

Blockbuster says it may not be able to continue - U.S. business- msnbc.com

— msnbc.msn.com — NEW YORK - Movie rental company Blockbuster Inc. said Monday the risk that it may not complete... financing deals raises “substantial doubt” about its ability to continue as a going concern. Dallas-based Blockbuster, which has struggled amid the rising ... (more) Blockbuster says it may not be able to continue - U.S. ...

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technologizer.com - 4/7/2009

The Death Knell May Be Ringing For Blockbuster

— technologizer.com — The death knell may be ringing for Blockbuster. Today the video-rental giant admitted that if it cannot... complete the financing deals that it is currently working on, there is a good chance the company may be forced to shut its doors. While the company ... (more) The Death Knell May Be Ringing For Blockbuster

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Blockbuster May Shut Retail Stores
Today @ PC World — ... is business jargon for the ability to continue as a functioning business that is not forced to liquidate its assets. The company operates 7400 stores globally , which spells bad news for Blockbuster employees and brick-and-mortar movie rental mavens. Blockbuster did not fare well in a battle against DVD-by-mail powerhouse Netflix, mostly because it was late to join the innovative distribution method and invested too much time and money in other endeavors, such as a ...

Blockbuster teetering on the edge of bankruptcy
DVICE Atom Feed — ... shown Blockbuster that people would rather walk to their mailboxes than drive to a store — twice — to watch a video. Blockbuster bravely tried to play catch-up/me-too with Netflix, spending itself into oblivion. Too bad. If Blockbuster really does go bust, will Netflix take advantage of the lack of competition and raise prices even further? Victory is sweet, but for whom? Certainly not for the vanquished, and maybe not for us movie buffs, either. Reuters, via CrunchGear

Blockbuster voices "substantial doubt" about ability to survive
Engadget — ... As depressing as it is to see an American icon come this close to collapse, is it really any surprise? While the world kept turning, Netflix kept reinventing itself and movies found their way onto the internets (legally), Blockbuster sat still... and ...

Blockbuster might close up shop; online rentals may be to blame
SlashGear — I love Netflix as much as the next gal, but it seems these online video rental and streaming services are really knocking a dent in the brick and mortar rental industry. It’s so bad that Blockbuster is fairly positive they won’t be able to stay in business anymore. So, how do we know this? Apparently, Blockbuster sent in a U.S. Securities and Exchange Commission filing yesterday that shows the company doesn’t feel they can stay in business. Their financial situation seems to be pretty dire, as they’re ...