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reuters.com - 4/7/2009

Blockbuster gets going concern notice: SEC filing

— reuters.com — 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 ... (more) Blockbuster gets going concern notice: SEC filing

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electronista.com - 4/7/2009

Blockbuster may shutter in face of online

— electronista.com — Blockbuster yesterday submitted a US Securities and Exchange Commission filing that reveals the company doesn't believe it can continue business. The video store is no longer certain that it can remain a "going concern" and may have to stop ... (more) Blockbuster may shutter in face of online

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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 Is On Its Deathbed [RIP?]
Gizmodo — ... Blockbuster just disclosed to the SEC there is "substantial doubt" about its ability to continue breathing, since there are no assurances it can meet the conditions of a $250 million loan that's its current lifeline. ...

Blockbuster May Shut Retail Stores
Today @ PC World — ... Monday, Blockbuster stated it may have to permanently close its retail stores . The company recently took out a $250 million loan -- on top of its $780.9 million debt -- and does not know if it can meet the conditions of the loan. Blockbuster said it has "substantial doubt" about continuing as a "going concern." A ...

Blockbuster Going Bust?
OhGizmo! — ... from now. Blockbuster, the largest movie rental store looks like it will be closing up in short order. They really don’t have much to offer the tech-savvy customers anymore, and rely on those that either haven’t hopped on the streaming bandwagon or are too impatient to wait a few days for their movie to arrive. Even if Blockbuster manages to find some more funding, I don’t suspect that they (or other movie rental shops) will survive more than a few years. [ AP ] VIA [ CrunchGear ] ...