Blockbuster (BLOKA.PK) confirms that it has filed for Chapter 11 bankruptcy. The company's...

|About: Blockbuster (BLOKA)|By:, SA News Editor

Blockbuster (BLOKA.PK) confirms that it has filed for Chapter 11 bankruptcy. The company's stores, DVD vending kiosks, by-mail and digital businesses, remain open for now and will operate normally, but plans have been outlined to close nearly 1,000 stores, and more closures are likely. (PR)