Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional store closures beyond the nearly 1,000 it previously planned.
On Tuesday, Movie Gallery, America's second-largest video and game rental company, filed for bankruptcy for the second time in 3 years. The Oregon-based chain cited increased competition and a reduced number of blockbuster video game releases as reasons for its current problems.





