Blockbuster Hangs "For Rent" Signs on 187 Stores

Blockbuster plans to close 182 stores over the next few months as it tries to emerge from bankruptcy, reports Bloomberg. The once-dominant movie rental chain faces competition from Netflix and, increasingly, from alternative video-on-demand providers. The store closures are in addition to the 1,000 locations shut down during the past two years. Next year, the company expects to emerge from bankruptcy with the help of new owners, including shareholder activist Carl Icahn.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik