Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it's unable to address its debt load.
Full article at Marketwatch
In other news, sky is still blue. Seriously, who didn't see this coming two years ago? All I can say is, if you're a place with brick-and-mortar, "right now" access to something, you have to do a really poor job of it to have your hat handed to you by a mail-order business (like netflix.)
With Hollywood Video all but gone and Blockbuster living on borrowed time, our choices may very soon be netflix, redbox, and On Demand/PPV. You know what though? I'm probably ok with that.