Is Blockbuster Going Out of Business?

I was pretty shocked when I read reports yesterday that movie rental giant, Blockbuster Inc., is at risk of shutting its doors if they can’t get their financial problems under control.  The company, which is based out of Dallas, Texas has apparently been suffering since DVD-by-mail services like Netflix (I just wrote about one of their new offers!) have become more popular.
There’s a more complex, detailed explanation of what has gone wrong but I’d like to say that I’m really surprised.  I’ve heard that with the stress of the economy, people were turning towards ways of relieving some of …read more