Blockbuster files for Chapter 11 bankruptcy

[tacobell fan]

                                        [img]http://i56.tinypic.com/2ag0u86.jpg[/img]

This one's been expected and rumored for a long time. Now it's official: Blockbuster has initiated "pre-arranged" chapter 11 proceedings. Under the plan, Blockbuster's debt would be reduced from $1 billion to about $100 million when implemented. The press release states that Blockbuster is currently evaluating its US store portfolio as part of the recapitalization process. For the time being, all 3,000 stores will remain open. However, we've been told by a trusted tipster that up to 1,000 could be shed before things are said and done. Now make no mistake, Blockbuster is still open and wants you to know that it's business as usual during the restructuring -- the details of which you can read in the press release after the break.

[ChowMein]

emaata ki aamaata seppukovaala...Blockbuster costly....
Netflix gadu adhe point capture chesi online and by mail movies petti jackpot kottedu...
naku telisi Blockbuster terukovadam kastame...

[tacobell fan]

netflix vadu pedda bokka pettadu baa ...blockbuster vadiki mind block ayyindhi.. news lo kuda netflix gurinchi cheptunnadu vadu

[Hitman]

I feel Govt shouldn't have let Netflix kind of business at first place. People can afford Block buster and pay $4 for a movie. Block buster would be having thousands in Man power, all those people will come to streets now.  Obama malla mana meeda voice raise chestadu.  sFun_duh sFun_duh

[airbender]

[quote author=Hitman link=topic=101642.msg1081026#msg1081026 date=1285265631]
I feel Govt shouldn't have let Netflix kind of business at first place. People can afford Block buster and pay $4 for a movie. Block buster would be having thousands in Man power, all those people will come to streets now.  Obama malla mana meeda voice raise chestadu.  sFun_duh sFun_duh
[/quote]


netflix USPS ki postal charges pay chesthundi kadha for using their service, so govt. NO cheppadu............also netflix valla chaala jobs kuda vachai kadha....blockbuster antha kakapoina.

inkoti, ee RedBox valla kuda kontha loss blockbuster ki. $1 ki DVD rent chesukovachu, ekkada padithe akkada redbox machines unnai.