Blockbuster Files for Bankruptcy
Thirteen years after Netflix launched without late fees, Blockbuster files for Chapter 11 with $900 million in debt the time of filing, Blockbuster is worth $24 million and Netflix is worth $13 billion.
Thirteen years after Netflix launched without late fees, Blockbuster files for Chapter 11 with $900 million in debt the time of filing, Blockbuster is worth $24 million and Netflix is worth $13 billion.