One-time movie rental powerhouse Blockbuster filed for Chapter 11 bankruptcy this morning. The company has more than $1 billion worth of debt and is asking for help so it can restructure, but won't be shutting all its doors. The CEO said it plans to bounce back as "the only operator that provides access across multiple delivery channels — stores, kiosks, by-mail and digital." Netflix and iTunes have a rep for killing the video store, but Blockbuster's approach aims to make its movies available everywhere. I suppose only time will tell if it works. How do you get all of your blockbusters?
Sep 23 2010