In an effort to try to right the rental ship, Blockbuster may file for bankruptcy next month. Hopefully this strategy works better than it did for Movie Gallery, who spent years restructuring, only to ultimately liquidate. Blockbuster anticipates closing at least 500 of its more than 3,000 stores as part of the restructuring, after already closing roughly 1,000 last year.
SOURCE: Los Angeles Times via Gizmodo
