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Tag Archives: bankruptcy

Blockbuster bankruptcy draws closer

Following predictions earlier this month, Blockbuster has apparently informed a number of its key partners that it will be entering into a pre-planned bankruptcy” agreement in mind-September. LA Times reports that the retailer’s chief executive Jim Keyes flew to LA last week to meet representatives from studios such as 20th …

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Blockbuster preparing for bankruptcy

The long and drawn-out demise of US rental giant Blockbuster looks to be reaching a conclusion with predictions that the retailer could file for bankruptcy as soon as the end of the week. Home Media reports that Blockbuster’s attempts to recapitalise to allow a shift in focus to multiplatform distribution …

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Playlogic files for bankruptcy

Dutch publisher and developer Playlogic has finally filed for bankruptcy after a torrid year that has seen it slip deeper and deeper into trouble. The firm admitted as long ago as August 2009 that its long-term prospects were looking shaky, stating that its circumstances raise uncertainties about the company’s ability …

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US: The end for Game Crazy

North American video game retailer Game Crazy is to close, it has been confirmed. The decision comes after parent company Movie Gallery filed for bankruptcy in February of this year – the second time it has done so in the last three years. Over half of Game Crazy’s total of …

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Blockbuster UK breaks its silence

The UK arm of rental and entertainment chain Blockbuster has finally spoken out about the ongoing speculation surrounding the British arm of the retailer. Speaking of the spiralling media reports, UK MD Martin Higgins stated: That kind of press is always a challenge for employees, suppliers and partners, and it …

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Blockbuster admits bankruptcy danger

The troubled tale of former movie rental giant Blockbuster has taken a turn for the worse with the company admitting for the first time that a fall into bankruptcy could be inevitable. So bad are the chain’s finances that the Financial Times claims it is having trouble securing the supply …

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USA: Circuit City facing bankruptcy

Circuit City has filed for Chapter 11 bankruptcy protection, but the firm has promised to continue trading over the Christmas period with the assistance of a $1.1 billion debtor-in-possession revolving credit facility. Making the announced, vice chairman and acting president and chief executive of Circuit City, James Marcum said: "We …

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