Blockbuster may be counting down the days until it’s forced to close its retail stores, the company revealed in a filing with the Securities and Exchange Commission this week. In the filing, the company revealed that it may not be able to meet the terms of a recent $250 million loan, and that there was “substantial doubt” about its ability to continue as a business in the near future.
— Blockbuster may be headed for great strip mall in the sky – Ars Technica
I have no doubt that blockbuster isn’t going well. If you click through to the Ars site, they list a whole plethora of reasons, but mine is that I don’t know a single person that’s rented from them in the last year or two. it’s a dead service now, why go down to a store when I can legally stream or download movies via hulu on my xbox?