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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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work