This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What's Next for Blockbuster?

After struggling with the same issues as Blockbuster, i.e. digital technology stealing market share, Movie Gallery was forced into Ch. 11 filing in February 2010. At the time Movie Gallery also said that it would continue to operate while in bankruptcy, and continue to pay employee salaries and benefits, honor customer gift cards and store credits, and pay vendors.

Then two months later, on April 30, 2010, Movie Gallery announced it was closing and liquidating all of its stores per a Ch. 7 bankruptcy filing. Of course, that was the second bankruptcy filing for Movie Gallery in a three year period.

While Blockbuster may have more clout that Movie Gallery's Hollywood Video, this last scenario isn't entirely impossible.

What do you think, will Blockbuster be able to emerge a stronger company or fall into oblivion? Take our poll below, and see what TheStreet thinks....

What's next for Blockbuster after it emerges from Chapter 11?

It issues an IPO and continues with business as usual.
It's forced to file Ch. 7 and liquidate its assets.
It's bought out by another company or private-equity firm.
It shutters most store operations and continues as a digital business.

--Written by Jeanine Poggi in New York.

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.06 -0.81%
FB $117.69 0.82%
GOOG $696.51 0.79%
TSLA $241.00 -2.70%
YHOO $36.63 0.11%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs