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Blockbuster UK then traded as TS Operations, with only 264 branches retained. On October 29, 2013, Blockbuster UK announced it was to go into administration for a second time. [210] On November 14, 2013, 72 store closures were announced, [211] with another 62 made on December 5. [212]
Blockbuster's $980 million voluntary Chapter 11 bankruptcy filing Thursday marks the end of a very rough road for the video rental company. At some level, Blockbuster's demise was caused by the ...
Blockbuster’s finances were in a precarious position when Keyes took its helm in 2007. Fresh from his success reviving 7-Eleven, where he served as chief from 2000-2005, Keyes wasted no time ...
The documentary tells the story of the rise and fall of Blockbuster Video, a video rental business that was popular during the 1990s.The documentary explores how Blockbuster put independent video rental stores out of business by striking revenue-share deals with film studios (allowing Blockbuster to negotiate lower prices in exchange for a cut of the rental fees), and how Blockbuster itself ...
Hollywood Video was the target of a hostile takeover attempt, initially announced at the end of December 2004 by competitor Blockbuster Video. Blockbuster announced an exchange offer of $14.50 per share ($11.50 cash and $3.00 in Blockbuster shares).
Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week, according to a Wall Street Journal report. One of the cost ...
Struggling video rental chain Blockbuster has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt. The company filed voluntary chapter 11 petitions in the U.S ...
Blockbuster's been on the brink of financial insolvency for years, and yesterday the movie rental chain finally pulled the plug and filed for bankruptcy in New York. The 25-year-old company has ...