The once mighty Blockbuster chain will be filing for bankruptcy tomorrow before Wall Street opens up. The chain has been dealt blow after blow as they slowly tried to keep up with the Netflix and Redbox’s of the world. While this doesn’t necessarily mean they will close, no company has ever been de-listed from the Stock Exchange and turned it around enough to remain open. Unfortunately, they truly could have turned it around, as the mega chain was once the dominant home entertainment player. They reacted way to slowly to industry change to remain viable and now they’re facing the consequences.
If you have Blockbuster gift cards, you need to use them RIGHT THIS MOMENT!