Blockbuster files for Chapter 11 protection
Struggling US video and DVD rental firm expects to emerge swiftly with help from investor Carl Icahn Blockbuster, the loss-making DVD rental chain, has filed for Chapter 11 bankruptcy protection in the US, after being hammered by online rental film services such as Netflix, and DVD mail order companies. But the company should swiftly re-emerge after a restructuring deal was agreed with creditors …
August 9, 2013
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