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Blockbuster May Be Going Bust

The folks at Blockbuster would really appreciate it if you’d pay your overdue late fees, renters. The company has warned it has ā€œsubstantial doubtā€ about its ability to continue as a going concern.

Yes, Blockbuster, the 24-year-old chain that rents ā€œmore video games than any other company, store-based or online, in the nation,ā€ is in rather dire financial straits. It told the SEC that it may not be able to continue, given that it may not be able to meet the conditions of a $250 million loan that would help keep it afloat.

While things look grim for Blockbuster, there’s a chance it could soldier on, something we’ll know for sure mid-May. But hopes for the chain’s video game rental by mail service to hit later this year sound iffy.

https://lastchance.cc/blockbuster-adding-games-to-total-access-5151515%3C/a%3E%3C/p%3E

Blockbuster gets going concern notice: SEC filing [Reuters]

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