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Blockbuster Bankruptcy

Bummer: Blockbuster Going Bust

Sure, ordering from Netflix is a lot more convenient than trudging to your local Blockbuster, but there's something nostalgic about entering that blue and gold building. The company just filed for bankruptcy on Thursday, but what does that mean for Blockbuster fans? This may lead to more store closings — CEO James Keyes said "every single store" will be evaluated.

On the bright side, Blockbuster will still be offering movies 28 days earlier than its competitors — Warner Bros. entered a deal with the firm about half a year ago to give it special distribution rights. I was sad about my local Borders closing, and now I'm pretty glum about the Blockbuster bankruptcy. Seems like these companies need to start figuring out how to get a leg up on their online competition.

Flickr User: Scott Clark

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