Blockbuster May Be Going Bust

The folks at Blockbuster would really appreciate it if you'd pay your overdue late fees, renters. The company has warned it has "substantial doubt" about its ability to continue as a going concern.

Yes, Blockbuster, the 24-year-old chain that rents "more video games than any other company, store-based or online, in the nation," is in rather dire financial straits. It told the SEC that it may not be able to continue, given that it may not be able to meet the conditions of a $250 million loan that would help keep it afloat.


While things look grim for Blockbuster, there's a chance it could soldier on, something we'll know for sure mid-May. But hopes for the chain's video game rental by mail service to hit later this year sound iffy.

Blockbuster gets going concern notice: SEC filing [Reuters]

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