It was almost a month ago exactly that we first got wind of the potential end of Blockbuster Video (Here’s what we said).
According to Yahoo! Financial News, Blockbuster Inc. is now in the final stages of declaring Chapter 11 bankruptcy, and it will very likely go down in the next couple of days. I know, I know… Chapter 11 doesn’t mean they are done-and-out… they are just “restructuring”. But think back, how often does a company go through this and come out on top? It will take some pretty incredible moves for them to recover from this kind of blow.
I have one thing to say about this… VIVA LA NETFLIX!!!!!
For the complete Y!News story check it out HERE