"Blockbuster, the video rental chain, on Thursday filed for Chapter 11, hoping to slash its hefty debt load and retrench in the face of competition from rivals providing online and mail-based services.Interestingly we were just talking in class yesterday about how Netflicks has performed so well. This serves as a good reminder of the "better mouse trap" theory.
Blockbuster has reached an agreement with its senior bondholders to cut its debt by roughly 90 percent, to about $100 million, by exchanging bonds for equity in the reorganized retailer.
Take a look at this chart comparing the two!
No comments:
Post a Comment