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Blockbuster Cancels Q2 Financials Call

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.
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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?
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(via Home Media Magazine)

8 Responses to “Blockbuster Cancels Q2 Financials Call”

  1. Member [Join Now]
    The Dude [cancun]

    Coming soon: Chapter 11

    And that may be the best case scenario……

  2. Visitor [Join Now]
    Vernon Dent [visitor]

    Could this mean Chapter 7?

  3. Visitor [Join Now]
    tinybrat [visitor]

    I’d cancel my financial call too if my company had lost nearly $70 million in 3 months.

    Blockbuster won’t return phone calls from investor relation firms or news agencies either, according to Yahoo Financial. Makes you wonder… Could they do what so many other places have done, which is just lock the doors and go away quietly? I’d be real nervous if I worked for BB right now.

    I can see the shift happening, as they “partner” with comcast, are they really partnering, or are they selling off their mail order company to their “partner”? Why would BB want to compete against themselves by operating two dvd-by-mail companies? Why wouldn’t you just bring Comcast on as a partner to the existing company?

    BB Execs, laughing all the way to the bank….ruptcy.

  4. Visitor [Join Now]
    netflixrules [visitor]

    Couldn’t happen to a nicer company.

    Can’t tell you how many times… back in the day when there was no netflix or redbox… I got completely screwed by blockbuster. What, you’re ten minutes late but couldn’t get here because the city got 40 inches of snow last night and the plows didn’t come until 20 minutes ago? Screw you customer, that’ll be $12 in late fees. What, 20 minutes late because your wife had a baby two days ago and you were still getting everyone home this morning? No mercy, $15 late fees for you!

    I hope the soul of that company rots in hell.