The Wayback Machine - https://web.archive.org/web/20170807023527/https://www.wsj.com/articles/SB10001424052748703384204575509331302481448

Dow Jones, a News Corp company

News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services

Dow Jones

News Corp

Search

Big Tobacco’s Next Big Thing? Tobacco

Keywords

The Problem With Electric Cars? Not Enough Chargers

DraftKings, FanDuel Face First Test After Failed Merger

Behind the Push to Keep Higher-Priced EpiPen in Consumers’ Hands

‘Dark Tower’ Makes Debut at Top of Box Office

Google’s New Diversity Chief Criticizes Employee’s Memo

Energy Suppliers Find Fresh Lift From Offshore Wind

Charities Coax Lawmakers to Rethink Tax Plan

Fox News Suspends Bolling Amid Harassment Allegations

The Outlook

You’re Fired! No, Wait, Please Keep Working

Nissan Workers in Mississippi Vote Against Forming Union

Small

Medium

Large

Save Article

Sign In to Save Subscribe to WSJ

Blockbuster to Remake Itself Under Creditors

By

Mike Spector

Updated Sept. 24, 2010 12:01 a.m. ET

Blockbuster Inc. filed for bankruptcy protection Thursday in a last-ditch plan to remake the ubiquitous movie-rental chain amid seismic shifts in how consumers view movies and television shows.

Struggling with more than $900 million of debt, Blockbuster will turn itself over to creditors. In a deal backed by senior bondholders, Blockbuster would reduce its total debt to roughly $100 million by the time it exits bankruptcy, which it...

Most Popular Videos

Most Popular Articles

Popular on WSJ

Most Popular Videos

Most Popular Articles


<!-- share menu -->
<menu class="shareMenu  shareMenu--horizontal">


   <li class="shareMenu__item hide4">
     <a href="#print" class="shareIcon" data-sharemenu-action="print" aria-label="Print" data-sharemenu-track="print">
       <svg class="shareSVG shareSVG--print" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 20 17.6"><path d="M-711-3365v4612H969v-4612H-711zM25 22.6H-5V-5h30v27.6z" fill="none"/><path d="M2.3 14.6h1v3h13.4v-3h1c1.3 0 2.3-1 2.3-2V9c0-1-1-2-2.2-2h-1V3.8l-4-3.8H3.4v7h-1C1 7 0 8 0 9v3.4c0 1.2 1 2.2 2.3 2.2zM12.5.6L16 4.2h-3.5V.8zM4 .7h8.2v4H16V7H4V.7zm0 14h12V17H4v-2.4z"/></svg>
     </a>
   </li>

  <li class="shareMenu__item">
    <a class="shareIcon shareIcon--facebook" data-sharemenu-action="window" data-sharemenu-track="facebook" aria-label="Facebook" rel="nofollow noopener noreferrer" href="https://web.archive.org/web/20170807023527/https://www.facebook.com/sharer/sharer.php?u=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" target="_blank">
      <svg class="shareSVG shareSVG--facebook" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 10.5 22.5"><path d="M10 11.3H7v11.2H2V11.3H0v-4h2.2V4.7C2.2 3 3.2 0 7 0h3.5v4H8c-.5 0-1 0-1 1v2.3h3.5l-.4 4z"/></svg>
    </a>
  </li>

  <li class="shareMenu__item">
    <a class="shareIcon shareIcon--twitter" data-sharemenu-action="window" data-sharemenu-track="twitter" aria-label="Twitter" rel="nofollow noopener noreferrer" target="_blank" href="https://web.archive.org/web/20170807023527/https://twitter.com/intent/tweet?text=Blockbuster%20to%20Remake%20Itself%20Under%20Creditors&url=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448&via=WSJ">
      <svg class="shareSVG shareSVG--twitter" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 21.1 17.4"><path d="M19 4.3V5c0 5.7-4.4 12.4-12.4 12.4-2.4 0-4.7-.7-6.6-2h1c2 0 4-.6 5.4-1.8-2 0-3.5-1.3-4-3h1.8C2.3 10 1 8.2 1 6c.6.2 1.2.4 2 .4-1.2-.7-2-2-2-3.6 0-.8.3-1.6.7-2.2 2 2.7 5.3 4.4 9 4.6-.2-.3-.2-.7-.2-1 0-2.4 2-4.4 4.3-4.4 1.2 0 2.4.5 3 1.4 1-.2 2-.6 2.8-1-.3 1-1 1.8-2 2.3 1 0 1.8-.3 2.6-.7-.5 1-1.3 1.7-2 2.3"/></svg>
    </a>
  </li>

  <li class="shareMenu__item hide12 hide16">
    <span class="shareIcon" data-sharemenu-action="partial-scrim" data-target="fontScrim" aria-label="Text Resize">
      <svg class="shareSVG shareSVG--font" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 18.5 17.5"><path d="M18.2 17.2c-.7 0-.7-.2-1-1.4L14.5 4.2h-.2l-2.7 11.3c-.3 1-.4 1.5-.7 1.7h-.4c-1 0-1-.2-1.3-2L5.6 0h-.3L1.7 14.8C1.2 17 1.2 17 0 17.2v.4h4v-.4h-.4c-1.6 0-1.6-.3-1-2.6L3 12h3.2l.8 3.4c.3 1.4.4 1.6-1 1.7h-.4v.5H13v-.3H13c-1.3 0-1.3-.2-1-2l.4-1.4H15l.5 2c.2 1.2.3 1.4-.8 1.4h-.3v.3h4v-.3h-.2zm-15-6l1.5-6 1.3 6H3.3zm9.4 1.7l1-4.8L15 13h-2.2z"/></svg>
    </span>
  </li>


  <li class="shareMenu__item sharePopup__wrap hide4 hide8">
    <input type="checkbox" class="sharePopup__toggle" id="shareMenuSavePopupSB10001424052748703384204575509331302481448" data-sharemenu-action="popup">
    <label for="shareMenuSavePopupSB10001424052748703384204575509331302481448" class="shareIcon shareIcon--save">
      <svg class="shareSVG shareSVG--save" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 18.4 17.5"><path d="M3.5 17.5l1-6.3L0 6.7l6.4-1L9.2 0 12 5.8l6.4 1-4.6 4.4 1 6.3-5.6-3"/></svg>
    </label>
    <div class="sharePopup sharePopup--save">
      <h6 class="shareLabel">Save Article</h6>
      <a href="https://web.archive.org/web/20170807023527/https://accounts.wsj.com/login?target=http%3A%2F%2Fwww.wsj.com%2Farticles%2FSB10001424052748703384204575509331302481448" class="shareLink" rel="nofollow">Sign In to Save</a>
      <a href="https://web.archive.org/web/20170807023527/https://subscribe.wsj.com/default" class="shareLink">Subscribe to WSJ</a>
    </div>
  </li>

   <li class="shareMenu__item hide12 hide16">
     <span class="shareIcon" data-sharemenu-action="scrim" data-target="shareScrim">
       <svg class="shareSVG shareSVG--more" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 21 5"><circle cx="10.5" cy="2.5" r="2.5" fill-rule="evenodd" clip-rule="evenodd"/><path d="M16 3c.3 1.2 1.3 2 2.5 2C20 5 21 4 21 2.5 21 1 20 0 18.5 0S16 1 16 2.5V3z" fill-rule="evenodd" clip-rule="evenodd"/><circle cx="2.5" cy="2.5" r="2.5" fill-rule="evenodd" clip-rule="evenodd"/></svg>
     </span>
   </li>
   <li class="shareMenu__item hide4 hide8 sharePopup__wrap">
     <a href="https://web.archive.org/web/20170807023527/http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" class="shareIcon" data-sharemenu-action="link" data-sharemenu-wait-for-init="true" data-sharemenu-sync="link" data-sharemenu-track="permalink" aria-label="Copy link">
       <svg class="shareSVG shareSVG--link" viewbox="0 0 19 19" xmlns="http://www.w3.org/2000/svg"><path d="M2 13.7l1.3-1.3-.7-.6a1 1 0 0 1 0-1.3l7.8-7.7a1 1 0 0 1 .6-.3c.2 0 .5 0 .6.3l.7.6L13.6 2l-.7-.5c-1-1-3-1-4 0L1.5 9.2a2.7 2.7 0 0 0 0 3.8l.6.7zm16-7l-.6-.7L16 7.3l.8.6a1 1 0 0 1 0 1.2L9 17A1 1 0 0 1 8 17l-.7-.7-1 1.2.5.7c.5.5 1.2.8 2 .8.7 0 1.3-.3 2-.8l7.6-7.7a2.7 2.7 0 0 0 1-2c0-.7-.4-1.4-1-2m-1.2-5L18 2.8l-6.4 6.4L10.4 8zm-9 9L9 11.8l-6.4 6.4L1.4 17z"/></svg>
     </a>
     <span class="shareFeedback sharePopup sharePopup--oneline" data-sharemenu-isfeedback aria-hidden="true">Link copied…</span>
   </li>

</menu>
<!-- end share menu -->

  <!-- font controls -->
  <div class="shareScrim shareScrim--partial" id="fontScrim" aria-label="Font Size - press Esc to close">
    <span class="shareIcon shareIcon--clear shareScrim__close" data-sharemenu-action="partial-scrim" data-target="fontScrim" aria-label="close">
      <svg class="shareSVG shareSVG--close" id="Layer_1" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 21.9 22"><polygon id="XMLID_4_" points="12.2,11 12.2,10.9 21.9,1.2 20.7,0 10.9,9.7 1.2,0 0,1.2 9.7,10.9 9.7,11 9.7,11.1
    0,20.8 1.2,22 10.9,12.3 20.7,22 21.9,20.8 12.2,11.1 "/></svg>
  </span>
    <div class="shareScrim__content fontButtons">
      <span class="shareLabel2">Text Size</span>
  
      <input class="fontButtons__input fontButtons__input--scrim" type="radio" name="fontsize-scrim" value="regular" data-sharemenu-action="fontsize" data-sharemenu-sync="fontsizeregular" data-sharemenu-track="resize" id="fontsize-scrim-regular">
      <label class="fontButtons__label fontButtons__label--scrim" for="fontsize-scrim-regular">
        <div class="fontButton fontButton--small"><svg class="shareSVG shareSVG--fontButton" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 19 25"><path d="M5.406 16.565L4.25 20.8c-.7 2.52-.664 3.15 1.47 3.255l.77.035V25H.54v-.91c1.436-.175 1.68-.385 2.416-2.975L8.8.325h.7l6.3 21.455c.526 1.715.666 2.1 1.89 2.24l.596.07V25h-8.96v-.91l.595-.035c2.73-.175 2.416-.595 1.89-2.485l-1.4-5.005H5.407zm4.725-1.05l-2.24-7.98-2.204 7.98h4.445z"/></svg>
</div>
        Small
      </label>
  
      <input class="fontButtons__input fontButtons__input--scrim" type="radio" name="fontsize-scrim" value="medium" data-sharemenu-action="fontsize" data-sharemenu-sync="fontsizemedium" data-sharemenu-track="resize" id="fontsize-scrim-medium">
      <label class="fontButtons__label fontButtons__label--scrim" for="fontsize-scrim-medium">
        <div class="fontButton fontButton--medium"><svg class="shareSVG shareSVG--fontButton" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 19 25"><path d="M5.406 16.565L4.25 20.8c-.7 2.52-.664 3.15 1.47 3.255l.77.035V25H.54v-.91c1.436-.175 1.68-.385 2.416-2.975L8.8.325h.7l6.3 21.455c.526 1.715.666 2.1 1.89 2.24l.596.07V25h-8.96v-.91l.595-.035c2.73-.175 2.416-.595 1.89-2.485l-1.4-5.005H5.407zm4.725-1.05l-2.24-7.98-2.204 7.98h4.445z"/></svg>
</div>
        Medium
      </label>
  
      <input class="fontButtons__input fontButtons__input--scrim" type="radio" name="fontsize-scrim" value="large" data-sharemenu-action="fontsize" data-sharemenu-sync="fontsizelarge" data-sharemenu-track="resize" id="fontsize-scrim-large">
      <label class="fontButtons__label fontButtons__label--scrim" for="fontsize-scrim-large">
        <div class="fontButton fontButton--large"><svg class="shareSVG shareSVG--fontButton" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 19 25"><path d="M5.406 16.565L4.25 20.8c-.7 2.52-.664 3.15 1.47 3.255l.77.035V25H.54v-.91c1.436-.175 1.68-.385 2.416-2.975L8.8.325h.7l6.3 21.455c.526 1.715.666 2.1 1.89 2.24l.596.07V25h-8.96v-.91l.595-.035c2.73-.175 2.416-.595 1.89-2.485l-1.4-5.005H5.407zm4.725-1.05l-2.24-7.98-2.204 7.98h4.445z"/></svg>
</div>
        Large
      </label>
    </div>
  </div>
  <!-- end font controls -->

  
  
  
  
  
  
  <!-- scrim share menu -->
  <div class="shareScrim" id="shareScrim" aria-label="Share Menu - press Esc to close">
    <div class="shareScrim__content">
      <menu class="shareScrim__itemlist">
        <li class="shareScrim__item">
          <a href="#print" class="shareButton" data-sharemenu-action="print" data-sharemenu-track="print" title="Print">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--print" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 20 17.6"><path d="M-711-3365v4612H969v-4612H-711zM25 22.6H-5V-5h30v27.6z" fill="none"/><path d="M2.3 14.6h1v3h13.4v-3h1c1.3 0 2.3-1 2.3-2V9c0-1-1-2-2.2-2h-1V3.8l-4-3.8H3.4v7h-1C1 7 0 8 0 9v3.4c0 1.2 1 2.2 2.3 2.2zM12.5.6L16 4.2h-3.5V.8zM4 .7h8.2v4H16V7H4V.7zm0 14h12V17H4v-2.4z"/></svg>
          </span>
            Print
          </a>
        </li>
      <li class="shareScrim__item">
          <a href="https://web.archive.org/web/20170807023527/https://www.facebook.com/sharer/sharer.php?u=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" data-sharemenu-action="clickthrough" data-sharemenu-track="facebook" class="shareButton shareButton--facebook" target="_blank" rel="nofollow noopener noreferrer">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--facebook" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 10.5 22.5"><path d="M10 11.3H7v11.2H2V11.3H0v-4h2.2V4.7C2.2 3 3.2 0 7 0h3.5v4H8c-.5 0-1 0-1 1v2.3h3.5l-.4 4z"/></svg>
          </span>
            Facebook
          </a>
        </li>
        <li class="shareScrim__item">
          <a href="https://web.archive.org/web/20170807023527/https://twitter.com/intent/tweet?text=Blockbuster%20to%20Remake%20Itself%20Under%20Creditors&url=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448&via=WSJ" class="shareButton shareButton--twitter" data-sharemenu-action="clickthrough" data-sharemenu-track="twitter" target="_blank" rel="nofollow noopener noreferrer">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--twitter" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 21.1 17.4"><path d="M19 4.3V5c0 5.7-4.4 12.4-12.4 12.4-2.4 0-4.7-.7-6.6-2h1c2 0 4-.6 5.4-1.8-2 0-3.5-1.3-4-3h1.8C2.3 10 1 8.2 1 6c.6.2 1.2.4 2 .4-1.2-.7-2-2-2-3.6 0-.8.3-1.6.7-2.2 2 2.7 5.3 4.4 9 4.6-.2-.3-.2-.7-.2-1 0-2.4 2-4.4 4.3-4.4 1.2 0 2.4.5 3 1.4 1-.2 2-.6 2.8-1-.3 1-1 1.8-2 2.3 1 0 1.8-.3 2.6-.7-.5 1-1.3 1.7-2 2.3"/></svg>
          </span>
            Twitter
          </a>
        </li>
        <li class="shareScrim__item">
          <a href="https://web.archive.org/web/20170807023527/whatsapp://send/?text=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" class="shareButton shareButton--whatsapp" data-sharemenu-track="whatsapp" rel="nofollow">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--whatsapp" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 20.3 20.4"><path d="M14.8 12.2c-.3 0-1.5-.7-1.7-.8h-.5l-.8 1c0 .3-.3.3-.5.2-.3 0-1-.4-2-1.3-.8-.7-1.3-1.5-1.4-1.7V9l.5-.3.3-.4V8l-1-2c0-.6-.4-.6-.5-.6h-.4c-.2 0-.4 0-.7.3-.3.3-1 1-1 2.2 0 1 1 2.3 1 2.5.2.2 2 2.7 4.4 3.8l1.4.5c.6.2 1.2.2 1.6 0 .5 0 1.5-.5 1.7-1 .3-.7.3-1.2.2-1.3l-.4-.3"/><path class="st0" d="M10.2 18.5c-1.5 0-3-.4-4.3-1.2l-.4-.2-3.2 1 .8-3-.2-.4c-.8-1.3-1.3-3-1.3-4.5 0-4.5 3.8-8.3 8.4-8.3 2.3 0 4.4 1 6 2.5 1.6 1.6 2.5 3.7 2.5 6 0 4.5-3.7 8.3-8.3 8.3m7-15.5c-1.8-2-4.3-3-7-3C4.6 0 .2 4.5.2 10c0 2 .4 3.6 1.2 5L0 20.5 5.4 19c1.5.8 3 1.2 4.8 1.2 5.6 0 10-4.5 10-10 0-2.8-1-5.3-3-7.2"/></svg>
          </span>
            WhatsApp
          </a>
        </li>
  
        <li class="shareScrim__item">
          <a href="https://web.archive.org/web/20170807023527/sms:/?&body=http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" class="shareButton" data-sharemenu-track="sms">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--sms" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 13 21"><path d="M10.717.84h-8c-1.103 0-2 .897-2 2v16c0 1.104.897 2 2 2h8c1.103 0 2-.896 2-2v-16c0-1.104-.897-2-2-2zm-8 4h8v-2h-8v2zm0 10h8v-8h-8v8zm0 4h8v-2h-8v2z" fill-rule="evenodd"></path></svg>
          </span>
            SMS
          </a>
        </li>
  
  
        <li class="shareScrim__item">
          <a href="https://web.archive.org/web/20170807023527/http://www.wsj.com/articles/SB10001424052748703384204575509331302481448" class="shareButton" data-sharemenu-action="link" data-sharemenu-wait-for-init="true" data-sharemenu-sync="link" data-sharemenu-track="permalink">
            <span class="shareIcon shareIcon--clear">
              <svg class="shareSVG shareSVG--link" viewbox="0 0 19 19" xmlns="http://www.w3.org/2000/svg"><path d="M2 13.7l1.3-1.3-.7-.6a1 1 0 0 1 0-1.3l7.8-7.7a1 1 0 0 1 .6-.3c.2 0 .5 0 .6.3l.7.6L13.6 2l-.7-.5c-1-1-3-1-4 0L1.5 9.2a2.7 2.7 0 0 0 0 3.8l.6.7zm16-7l-.6-.7L16 7.3l.8.6a1 1 0 0 1 0 1.2L9 17A1 1 0 0 1 8 17l-.7-.7-1 1.2.5.7c.5.5 1.2.8 2 .8.7 0 1.3-.3 2-.8l7.6-7.7a2.7 2.7 0 0 0 1-2c0-.7-.4-1.4-1-2m-1.2-5L18 2.8l-6.4 6.4L10.4 8zm-9 9L9 11.8l-6.4 6.4L1.4 17z"/></svg>
          </span>
            Copy Link
          </a>
          <span class="shareFeedback shareMsgBanner" data-sharemenu-isfeedback aria-hidden="true">
            <span class="shareIcon shareIcon--clear shareIcon--inline shareIcon--gray">
              <svg class="shareSVG shareSVG--link" viewbox="0 0 19 19" xmlns="http://www.w3.org/2000/svg"><path d="M2 13.7l1.3-1.3-.7-.6a1 1 0 0 1 0-1.3l7.8-7.7a1 1 0 0 1 .6-.3c.2 0 .5 0 .6.3l.7.6L13.6 2l-.7-.5c-1-1-3-1-4 0L1.5 9.2a2.7 2.7 0 0 0 0 3.8l.6.7zm16-7l-.6-.7L16 7.3l.8.6a1 1 0 0 1 0 1.2L9 17A1 1 0 0 1 8 17l-.7-.7-1 1.2.5.7c.5.5 1.2.8 2 .8.7 0 1.3-.3 2-.8l7.6-7.7a2.7 2.7 0 0 0 1-2c0-.7-.4-1.4-1-2m-1.2-5L18 2.8l-6.4 6.4L10.4 8zm-9 9L9 11.8l-6.4 6.4L1.4 17z"/></svg>
          </span>
            Link copied …
          </span>
        </li>
  
      </menu>
  
      <span class="shareIcon shareIcon--clear shareScrim__close" data-sharemenu-action="close" data-target="shareScrim" aria-label="close">
        <svg class="shareSVG shareSVG--close" id="Layer_1" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 21.9 22"><polygon id="XMLID_4_" points="12.2,11 12.2,10.9 21.9,1.2 20.7,0 10.9,9.7 1.2,0 0,1.2 9.7,10.9 9.7,11 9.7,11.1
      0,20.8 1.2,22 10.9,12.3 20.7,22 21.9,20.8 12.2,11.1 "/></svg>
    </span>
  
    </div>
  
  </div>
  <!-- end scrim share menu -->

Jun	AUG	Oct
	07
2016	2017	2018

Save Article

Blockbuster to Remake Itself Under Creditors

Most Popular Videos

How to Make a Phone Call: An Etiquette Guide

Leon Panetta: John Kelly Can 'Stand Up' to Trump

Why Do Government Officials Leak?

Martha’s Vineyard vs. Nantucket: Small Contrasts, Fierce Loyalty

Trump's Chief of Staff John Kelly Faces a Tall Task

Most Popular Articles

Kelly’s Rules for Trump’s West Wing: Stop Bickering, Get in Early, Make an Appointment

Opinion: What Is Harvard Hiding?

Fox News Suspends Bolling Amid Harassment Allegations

Opinion: The Scandal That Matters

The Problem With Electric Cars? Not Enough Chargers

Popular on WSJ

Most Popular Videos

How to Make a Phone Call: An Etiquette Guide

Leon Panetta: John Kelly Can 'Stand Up' to Trump

Why Do Government Officials Leak?

Martha’s Vineyard vs. Nantucket: Small Contrasts, Fierce Loyalty

Trump's Chief of Staff John Kelly Faces a Tall Task

Most Popular Articles

Kelly’s Rules for Trump’s West Wing: Stop Bickering, Get in Early, Make an Appointment

Opinion: What Is Harvard Hiding?

Fox News Suspends Bolling Amid Harassment Allegations

Opinion: The Scandal That Matters

The Problem With Electric Cars? Not Enough Chargers