TweakTown
Tech content trusted by users in North America and around the world
5,915 Reviews & Articles | 38,111 News Posts

Blockbuster Video to go bye-bye by 2011?

Blockbuster may file Chapter 11

| HT & Movies News | Posted: Jul 12, 2010 3:06 pm

I can remember years and years back when Blockbuster was the most popular place for many people to go for renting video games and movies. Over the years, many people changed from going to Blockbuster for movies to things like Netflix and Redbox kiosks.

 

TweakTown image news/1/6/16006_1.jpg

 

As the desires of the consumer changed, Blockbuster started to slip ultimately leading many of the chains retail stores to close up. Today Blockbuster is facing the very real proposition of going under completely. The chain is also said to be lookign at Chapter 11 bankruptcy.

 

Analyst Douglas A. McIntyre from 24/7 Wall St. claims that Blockbuster may go under as early as 2011. The company could carry on in a smaller scale with nothing left of its former glory but branded kiosks and streaming service.

 

NEWS SOURCE
Neatorama.com

Related Tags

Further Reading: Read and find more HT & Movies news at our HT & Movies news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases