Shocking news, Insiders: it’s just not looking good for Blockbuster. Citing “the sensitive nature” of its ongoing recapitalization efforts with lenders, Blockbuster has canceled its customary call with investors and analysts when it announces its second quarter financials after the market closes Thursday.
Delisted from the NYSE, up to its eyeballs in debt and appearing as a dinosaur to millions of customers who have fled to Redbox and Netflix, the saga of Blockbuster doesn’t look like it’s going to have a happy ending. It’s hard to imagine the company lasting much longer—perhaps the rumored bankruptcy and reorganization will help BB limp along for a bit more time. Dare we ask you to predict what Blockbuster’s numbers are going to look like on the 12th?
(via Home Media Magazine)