Update: Blockbuster Video Closes Last 2 Alaska Stores, Leaving 1 in Oregon - Sitcoms Online Message Boards

JamesG · 04-07-2009, 02:54 PM

Blockbuster Warns It Could Go Under
7 April 2009 2:38 AM, PDT

After repeatedly maintaining that it was in no danger of going under, Blockbuster on Monday warned that if it is unable to complete loan deals, it may be unable "to continue as a going concern."

Blockbuster, the largest movie rental company, has faced daunting challenges from kiosk operators, online rental outfits (particularly Netflix), and pirates.

Although the company said last week that it had received a $250-million revolving loan maturing in 18 months, it indicated on Monday that the loan was subject to certain conditions that it might not be able to meet and that while it expected to close the deal with the lenders by about May 11, "there can be no assurance regarding these matters."

The statement, made after the markets closed on Monday, sent shares of Blockbuster tumbling more than 10 percent in early trading today (Tuesday).

-IMDB News

isiahthomas · 04-07-2009, 04:49 PM

I'm gonna be upset if they close because i love Blockbuster Video. There's already been a few Blockbuster's in my city that have closed up. I don't like ordering movies online because most online companies want the customers to use their credit card or bank account money for payments.

JamesG · 04-07-2009, 06:28 PM

Quote:

Originally Posted by isiahthomas

I'm gonna be upset if they close because i love Blockbuster Video. There's already been a few Blockbuster's in my city that have closed up. I don't like ordering movies online because most online companies want the customers to use their credit card or bank account money for payments.

Yeah, it will suck if Blockbuster goes down. I mainly use Blockbuster for video game rentals. Few years ago I always went there for PS2 and Gamecube games I was interested in. If I liked it I went and bought it from GameStop.

I order online too, mainly for obscure movies or tv shows that movie stores don't have in stock. I use my debit card for that.

*Pleasant Tomorrow* · 04-07-2009, 08:54 PM

WTF. Not everyone likes to order crap off of the internet. Screw Netflix.

MonarC · 04-07-2009, 11:04 PM

Boo hoo, what do they want? a bailout next?

catlover79 · 04-07-2009, 11:43 PM

I for one am shedding no tears, and I know our very own Jude isn't either.

As for me, I just get movies/shows from the library - IT'S FREE!!

Mr. Television · 04-07-2009, 11:48 PM

If I want to watch a movie, I just order them off the TV. It's cheap and I don't have to worry about returning the video.

browneyes106 · 04-08-2009, 12:09 AM

There are two Blockbusters that have closed in my city and I'm starting to see more Red Boxes in grocery stores, malls and Home Depot stores.

catlover79 · 04-08-2009, 12:12 AM

Quote:

Originally Posted by browneyes106

There are two Blockbusters that have closed in my city and I'm starting to see more Red Boxes in grocery stores, malls and Home Depot stores.

Three of them have closed in my county, and there's only one left that's still open. For how long is anyone's guess.

Mr. Television · 04-08-2009, 12:14 AM

Seems like every store is closing down lately.

Jude The Obscure · 04-08-2009, 12:23 AM

Quote:

Originally Posted by catlover79

I for one am shedding no tears, and I know our very own Jude isn't either.

As for me, I just get movies/shows from the library - IT'S FREE!!

I just KNEW you were gonna say something!

I'm shedding crocodile tears all over this.......

and maybe I should change my user name to....."Sitcoms Online's Very Own Jude"

catlover79 · 04-08-2009, 12:28 AM

Quote:

Originally Posted by Jude The Obscure

I just KNEW you were gonna say something!

I'm shedding crocodile tears all over this.......

and maybe I should change my user name to....."Sitcoms Online's Very Own Jude"

Maybe Charles aka Zoneboy should make a photo thing of a tombstone calling it Blockhead Video. BWAHAHAHAHAHA...

Jude The Obscure · 04-08-2009, 12:54 AM

oh charrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrles!!!!!!

comedyfreak · 04-08-2009, 05:40 AM

I haven't been inside a Blockbuster's in years, LOL. Hollywood video is closer to me and I rarily go there either.

Eversoris · 04-08-2009, 06:15 AM

What the hell....? Video stores are still around? Everytime I see one I think it's a mirage. I see an empty lot with tumbleweed rolling through the parking lot.

04-07-2009, 02:54 PM	#1
JamesG Freakshow Moderator Forum Icon Join Date: Feb 01, 2008 Location: Brooklyn, NY Posts: 57,168	Update: Blockbuster Video Closes Last 2 Alaska Stores, Leaving 1 in Oregon Blockbuster Warns It Could Go Under 7 April 2009 2:38 AM, PDT After repeatedly maintaining that it was in no danger of going under, Blockbuster on Monday warned that if it is unable to complete loan deals, it may be unable "to continue as a going concern." Blockbuster, the largest movie rental company, has faced daunting challenges from kiosk operators, online rental outfits (particularly Netflix), and pirates. Although the company said last week that it had received a $250-million revolving loan maturing in 18 months, it indicated on Monday that the loan was subject to certain conditions that it might not be able to meet and that while it expected to close the deal with the lenders by about May 11, "there can be no assurance regarding these matters." The statement, made after the markets closed on Monday, sent shares of Blockbuster tumbling more than 10 percent in early trading today (Tuesday). -IMDB News
	Last edited by JamesG; 07-13-2018 at 12:04 PM.

04-07-2009, 08:54 PM	#4
Pleasant Tomorrow Member Forum Addict Join Date: Feb 19, 2003 Location: New York Posts: 69,525	WTF. Not everyone likes to order crap off of the internet. Screw Netflix.
	__________________ my name is ashlee Welcome! Everything is fine.

04-07-2009, 11:43 PM	#6
catlover79 God Bless Val Forum Addict Join Date: May 29, 2006 Location: Bewitched in Ohio Posts: 70,392	I for one am shedding no tears, and I know our very own Jude isn't either. As for me, I just get movies/shows from the library - IT'S FREE!!
	__________________ "Jesus loves you and He approves this message." "I'm alive. I'm feeling good. I'm trying to live every moment as much as I can." - Valerie Harper, March 2013

04-07-2009, 11:48 PM	#7
Mr. Television 23 Years at Sitcoms Online Forum Icon Join Date: Jun 06, 2003 Location: Somewhere you're Not Posts: 62,132	If I want to watch a movie, I just order them off the TV. It's cheap and I don't have to worry about returning the video.
	__________________ Sonny

04-08-2009, 05:40 AM	#14
comedyfreak Cheers! Forum Fanatic Join Date: Dec 14, 2005 Location: Sunny California Posts: 11,061	I haven't been inside a Blockbuster's in years, LOL. Hollywood video is closer to me and I rarily go there either.
	__________________ www.facebook.com/comedyfreak

04-07-2009, 04:49 PM	#2
isiahthomas Member Forum Fanatic Join Date: Aug 20, 2002 Location: Cleveland, Ohio Posts: 10,704	I'm gonna be upset if they close because i love Blockbuster Video. There's already been a few Blockbuster's in my city that have closed up. I don't like ordering movies online because most online companies want the customers to use their credit card or bank account money for payments.

04-07-2009, 11:04 PM	#5
MonarC The truth will set you free Forum Fanatic Join Date: Dec 05, 2002 Location: 3rd Stone From The Sun Posts: 9,525	Boo hoo, what do they want? a bailout next?

04-08-2009, 12:09 AM	#8
browneyes106 Member Forum Veteran Join Date: Apr 01, 2008 Posts: 6,094	There are two Blockbusters that have closed in my city and I'm starting to see more Red Boxes in grocery stores, malls and Home Depot stores.

04-08-2009, 12:14 AM	#10
Mr. Television 23 Years at Sitcoms Online Forum Icon Join Date: Jun 06, 2003 Location: Somewhere you're Not Posts: 62,132	Seems like every store is closing down lately.

04-08-2009, 12:54 AM	#13
Jude The Obscure Retired Eternal Member Forum Veteran Join Date: Dec 10, 2006 Posts: 7,520	oh charrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrles!!!!!!

04-08-2009, 06:15 AM	#15
Eversoris Oderint dum metuant Occasional Poster Join Date: Apr 04, 2009 Location: Minneapolis, MN Posts: 16	What the hell....? Video stores are still around? Everytime I see one I think it's a mirage. I see an empty lot with tumbleweed rolling through the parking lot.
	__________________ If it's not HD, then it's not for me!