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Once a giant in the field of media distribution, Blockbuster files for bankruptcy in the U.S.
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Read more.Quote:
Once a giant in the field of media distribution, Blockbuster files for bankruptcy in the U.S.
Some might say that taking a $125 million dollar loan when you're already in hock to the tune of $1 billion is not sensible throwing good money after bad....
It's just Lovefilm, not ilovefilm.
We don't need retarded i's before anything else !!
How can anyone build a film rental business and end up $1 billion in debt. How did that happen - next we will be seeing pencil company bankrupt and in billions debt...
Honestly how do you go that much into the red.
Well banks have to lend, they don't care who they lend to just that they lend to someone.Quote:
Originally Posted by Brewster0101
Blockbuster is like another brand who didn't take advanatage of the internet. They sat on their laurels and let competitors steal the limelight.