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Thread: News - Huge debts spur Blockbuster bankruptcy filing

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    News - Huge debts spur Blockbuster bankruptcy filing

    Once a giant in the field of media distribution, Blockbuster files for bankruptcy in the U.S.
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    mush-mushroom b0redom's Avatar
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    Re: News - Huge debts spur Blockbuster bankruptcy filing

    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....

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    Re: News - Huge debts spur Blockbuster bankruptcy filing

    It's just Lovefilm, not ilovefilm.

    We don't need retarded i's before anything else !!
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    Senior Member Brewster0101's Avatar
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    Re: News - Huge debts spur Blockbuster bankruptcy filing

    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.

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    Re: News - Huge debts spur Blockbuster bankruptcy filing

    Quote Originally Posted by Brewster0101 View Post
    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.

    Blockbuster is like another brand who didn't take advanatage of the internet. They sat on their laurels and let competitors steal the limelight.

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