Bettman: Lock-out if there's no deal by sept. 15 | Part II.
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09-05-2012, 01:47 PM
Join Date: Feb 2002
Location: Mountain Standard Ti
Originally Posted by
I thought there was a shhhhhh?
The magic of edit. :-)
Hold on to your pants, just making a point like you were. Doesn't mean we are not still friends.
Blockbuster Canada didn't declare bankuptcy.
The company is now on the block - its 400-plus stores will be kept open by receiver Grant Thornton Ltd. as it pursues a sale. Employees have been told they will now be paid weekly instead of bi-weekly, have been issued their vacation pay and told not to sell gift certificates for the foreseeable future.
"The company's stores are open for business," the receiver said in a statement. "The receiver expects to initiate a process in the near term to identify parties interested in purchasing Blockbuster Canada's enterprise and assets."
There's reason to believe there will be interest in the Canadian company. Brahm Eiley of Convergence Consulting Group Ltd. estimated the company was profitable, and generated about $400-million (Canadian) in revenue in 2010 - including rentals and the sale of movies and items such as popcorn and candy.
I miss Blockbuster a lot more than the people of Phoenix would miss the Coyotes.
Desjardins estimates that about 40% of the game is captured by Corsi analysis.
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