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Submission + - Blockbuster files for bankruptcy (

Entropy98 writes: It finally happened, Blockbuster video has filed for bankruptcy with nearly $1 Billion of debt.

Worn down by Netflix, Redbox, online downloads/streaming, and others Blockbuster has been forced to declare bankruptcy.

What once dominant business will be next to fail to adapt to the ever changing video delivery industry?

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Blockbuster files for bankruptcy

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Nothing is finished until the paperwork is done.