25x100 Celestron
(Makes my 20x60 Pentax look like junk.)
25x100 Celestron
(Makes my 20x60 Pentax look like junk.)
Ping list, (blu-ray, DVD) HDTV related story.
http://www.tvpredictions.com/blockbuster082710.htm
Blockbuster Set to Declare Bankruptcy
Washington, D.C. (August 27, 2010) — Blockbuster has told the studios that it plans to declare bankruptcy next month, reports The Los Angeles Times.
The move, which has been expected, will be designed to keep the video retailer in business. The bankruptcy will focus on allowing Blockbuster to restructure $1 billion in debt.
However, the Times reports that Blockbuster will likely close between 500 to 800 stores during the bankruptcy process, which could take up to five months.
Blockbuster has already closed hundreds of stores in the past year or two to streamline operations and reduce debt.
The video retailer, which once ruled the video rental business, has seen its business suffer in recent years due to Netflix’s by-mail rental service, cable’s Video On Demand and new movie streaming services from Netflix and others.
Additionally, despite the growth of the Blu-ray high-def disc, the DVD rental business has declined sharply in the past year.
However, the studios will likely help to keep Blockbuster in business so it can provide competition for Netflix and related businesses.