Inside Redbox is the #1 "Unofficial" Redbox Online Community for Redbox Codes, News and more. Inside Redbox is not affiliated with Redbox Automated Retail, LLC.

Blockbuster Lost $54.1 Million in Q3

Your company is truly in a sorry state when the best news you can muster in your quarterly financial report is that your net loss was “only” $54 million, but that’s the way it goes with Blockbuster these days. Compared to the nearly $117 million the company bled during Q3 of 2009, this quarter’s losses do seem a bit rosier in comparison.

Other numbers from BB’s financial report:

Blockbuster is expected to file its fiscal reorganization plan by the end of the month, and then the true test of this company will begin.
buy amitriptyline online no prescription

Will a new BB rise from the ashes of the old like a phoenix, or will we witness the brief, sad second life of one of the industry’s former titans? Place your bets now in the comments, Insiders.

(via Home Media Magazine)

6 Responses to “Blockbuster Lost $54.1 Million in Q3”

  1. Visitor [Join Now]
    ADD [visitor]

    I see Blockbuster’s 2011 looking a lot like Hollywood Video’s 2010.

  2. Member [Join Now]

    I’m amazed Blockbuster still exists at all (actually in this town they were all gone by December 31 last year).

  3. Visitor [Join Now]
    Thicker [visitor]

    Aw hell, we bailed out several loser companies already. Let’s lend a hand taxpayers to BB too. They’re already dropping prices to a buck or three!

  4. Visitor [Join Now]
    DT [visitor]

    Unlike Hollywood Video, Blockbuster is trying to handle their own debt instead of being forced down from someone elses (Movie Gallery). That gives them a better chance.

    Instead of making one last break for it like Movie Gallery and trying to open up a ton of different places, or buying them, they’re closing up some and going to try to climb up from the bottom again. That decision will keep them around for a long time, but no guarantee that they will stick around for sure.

    They’re trying new policies, dropping prices and having regular promotions. My local Blockbuster has been getting more customers thanks to the changes.

    I’m rooting for them, mostly because my roommate is an employee, but won’t cry if they go.

  5. Visitor [Join Now]
    Nomo Blockbuster [visitor]

    Blockbuster continues to disappoint and yet still continues to drag on hopelessly. The company failed to adapt and Netflix and Redbox kicked its butt up and down the block. What will it take to get Blockbuster off the face of the planet already?