Says Daily Finance:
Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week, according to a Wall Street Journal report. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional store closures beyond the nearly 1,000 it previously planned, the article notes.
I imagine the name Blockbuster will be around for a while to come, but this is a pretty huge, fast downturn for a company that felt ubiquitous five years ago.
Netflix, meanwhile, is launching streaming-only service in Canada for $7.99 a month.
