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Buh-Bye, Blockbuster!

Filed under: Business Blitz

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Whomp, whomp!

It's been a long fight against the likes of Netflix and Redbox, but Blockbuster is finally admitting defeat. Experts believe by the end of next year, Blockbuster will fold and be no longer.

The company's already near the very top of 24/7 Wall St's new list of brands expected to disappear by the end of 2011 and it lost $65 million last quarter.

They're already considering Chapter 11 and with only 6,000 stores left, it seems like it would just be best to throw in the towel.

You had a good run for awhile there. Always remember the good times of yester-VHS-years!

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