Blockbuster Video to file bankruptcy soon

They have made 2 crucial mistakes.
1. alienating their customer base with years of ridiculously high late fees.
2. not buying Netflix before it became the number one company for movie rentals.

Blockbuster operates 7,400 stores globally and has a total debt of $780.9 million.
Shares of Blockbuster closed up 1.2 percent, or 1 cent, at 88 cents per share on Monday on the New York Stock Exchange.

Good riddance to bad rubbish!