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
Once Upon A Time In America … Blockbuster Files For Bankruptcy
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