Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror

Submission Summary: 0 pending, 4 declined, 0 accepted (4 total, 0.00% accepted)

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×
The Internet

+ - Internet is Killing Blockbuster->

Submitted by Samus
Samus (1382) writes "Blockbuster Inc., the world’s biggest movie-rental company, filed for bankruptcy after failing to adapt its storefront model to online technology pioneered by rivals such as Netflix Inc.

The company listed assets of $1.02 billion against debt of $1.46 billion on a Chapter 11 petition filed today in U.S. Bankruptcy Court in New York. The company said it reached a deal with a group of bondholders on a plan of reorganization and secured a $125 million loan to finance operations."

Link to Original Source

Porsche: there simply is no substitute. -- Risky Business

Working...