Report: Blockbuster bankruptcy expected next month
The fall of Blockbuster reflects “consumers’ rapidly declining interest in renting DVDs from retail locations now that they can rent them from ubiquitous kiosks in grocery stores, in the mail, or via the Internet,” says the report.
“Maintaining the support of Hollywood’s film studios during the process will be critical so that Blockbuster can continue to rely upon an uninterrupted supply of new DVDs,” it adds.
Plans to move move forward? Expand its presence in digital distribution, but a strategy is not set in stone, the report says.
Cross-posted from Hillicon Valley.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..
tt
Harris calls for ending filibuster for abortion rights
