The last time Blockbuster did something relevant enough to make the news they were filing for Chapter 11 bankruptcy last September and getting owned by Netflix. It seems like they finally decided to "shut it down" after 6 months of failing to rent relevance to their customers. Their courtship with bankruptcy reminds me of a movie called The Hours, it should have happened in 90 minutes or less but felt like it had taken months to finish. I'm sure it feels that way to creditors as well which is why four landlords asked a Manhattan bankruptcy judge to make Blockbuster pay rent for 38 locations or give them the authority to evict them. Summit Distribution LLC was told by Blockbuster they will not be compensated for the $6.8 million they are owed for DVDs that include but are not limited to The Twilight Saga: Eclipse, which is a double win as far as I'm concerned. Their financial fiasco can be partially contributed to no details being given about a restructuring plan that they promised after filing for bankruptcy last year. Seems to me like the #125 million they borrowed from billionaire investor Cal Icahn, in exchange for ownership, served another purpose that did not include them continuing business... and after all this they still had the nerve to charge me late fees.
To find out the thrilling conclusion to this made for TV drama about failed business ventures, hit the break.