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Spin Cycle
Blockbuster Files for Bankruptcy But Says Maui Stores Will Remain Open
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September 30, 2010 | 01:16 PM
This week, video retailer Blockbuster Inc. filed for Chapter 11 bankruptcy. The company is almost $1 billion in debt, but said in a release that it plans to keep its 3,000 U.S. locations open—including 20 in Hawaii and two on Maui—while it evaluates "the overall profitability of its store operations."
Of course, that didn't stop the comedic vultures from circling. The best line, courtesy of Saturday Night Live's Seth Meyers: "Well, Blockbuster, it seems our eight year tug-of-war over Tango & Cash has reached its conclusion..."
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| Entertainment and lifestyle news for Maui, Hawaii and the surrounding Islands. Maui Time Weekly is Mauis only independent and locally owned newspaper.
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