Blockbuster Going Bankrupt?
According to MSN Money, Blockbuster is rumored to be milling a bankruptcy filing as the company has hired lawyers to explore such a course of action.
Blockbuster has been hit hard by Netflix and other movie services that have taken a large portion of Blockbuster’s customer base.
Personally, I like Blockbuster. I like going into a movie store, browsing the titles, and walking about with my movies. Plus, being that I’m searching for a job, it gives me something to do in the middle of the day in between job searching. It’ll be interesting to see if Blockbuster can survive in the ever-changing movie rental business.
Blockbuster has 7,500 stores worldwide and figuring that at least 10 employees work at each store, that would mean 75,000 more people out of work in the global economy.
If you were Blockbuster, what would you do to keep afloat? Make it a convenience/movie rental store? Add hot food options?