Thursday, September 23, 2010

Once Upon A Time In America … Blockbuster Files For Bankruptcy [TechCrunch]

Another sign of the times

The company filed a voluntary Chapter 11 petition today in U.S. Bankruptcy Court in New York, listing assets of $1.02 billion and debt of $1.46 billion. The company’s largest trade creditor is Twentieth Century Fox Home Entertainment with a $21.6 million claim, according to today’s filing.

The news, first reported by Bloomberg, comes almost 25 years after Blockbuster opened its first store (Dallas, Texas on October 26, 1985).

Once Upon A Time In America … Blockbuster Files For Bankruptcy

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