Patrons find alternatives in RedBox

The video rental store is slowly becoming the dodo of technology. The video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy under a $1 billion debt on Sept. 23, according to CBS News. The move caused the company’s stock to be delisted from the New York Stock Exchange and a large majority of its 3,300 stores are expected to close in the coming year. This announcement came on the heels of Hollywood Video, another of the nation’s major video chains, filing for bankruptcy in early February, eventually liquidating its product in August.
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