Blockbuster Files For Chapter 11
Sep 23, 2010, 9:17 AM
Blockbuster has filed for voluntary Chapter 11 bankruptcy, says The Hollywood Reporter. The video rental company reached a deal to reduce its debt from from more than $900 million to $100 million or less. U.S. operations, including its stores, DVD vending kiosks, by-mail and digital businesses, will remain open.