Blockbuster: No Plans to File for Bankruptcy

Blockbuster, which operates more than 7,500 stores around the globe, has come under pressure from competitor Netflix (NFLX Quote), which has amassed more than 10 million subscribers to its DVD-rentals-by-mail program.

If the company were to file for bankruptcy protection, Blockbuster would have joined a long list of retailers in recent months that includes Circuit City, Linens 'N Things, Gottschalks, Goody's, KB Toys and Steve & Barry's.