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Thursday
Mar102011

Last Chance for Blockbuster?

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Blockbuster Inc.(NEW YORK) -- Thursday is a critical day for Blockbuster as the video rental chain must convince a federal bankruptcy judge in New York it deserves one more chance to survive.

Several movie studios are expected to tell the judge Blockbuster should be forced out of business. They're owed millions for and other products shipped to Blockbuster that never sold.

The video rental stores are losing money and the future for 20 thousand employees hangs in the balance. At least ten separate groups of investors may want to buy Blockbuster. The judge will decide whether the company is worth saving. 

Copyright 2011 ABC News Radio

DateThursday, March 10, 2011 at 8:26AM by AuthorMatt Siegelheim
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