If you have any unused Blockbuster gift cards lying around, you might want to use them fairly soon. Adding its name to a list also populated by Disney, Universal, Fox and Summit Entertainment, Sony Pictures is seeking a court order that will require Blockbuster to sequester money earned from the studio’s titles.
Sony claims that BB will owe it more than $5.5 million during the next few months, which the studio fears will not be paid out. According to the studio:
“Blockbuster’s latest actions indicate that there is at least a significant risk, if not a complete certainty, that Blockbuster will not turn over the revenue,”
With even Blockbuster’s ability to auction itself being called into question, is there any chance that these studios are going to see a dime? How much of its creditors’ money could BB take into the abyss with it?