Blockbuster had revenue of approximately $4 billion in 2010.[1] Where did the data come from for this chart? No operating business has zero revenue. Blockbuster has plenty of revenue, they just can't pull in enough gross profit to service their debt.
EDIT: Your statement about no real business doing $0 in revenue kept on nagging me. So I went and looked up their 2010 10k. They actually did $3.2B in 2010. So this chart is NOT accurate. They did do $4.0B in 2009, but only dropped to $3.2B in 2010.
Just because you file for bankruptcy doesn't mean you have zero revenue.
Comments
Uh, what?
Blockbuster had revenue of approximately $4 billion in 2010.[1] Where did the data come from for this chart? No operating business has zero revenue. Blockbuster has plenty of revenue, they just can't pull in enough gross profit to service their debt.
[1] http://investor.blockbuster.com/phoenix.zhtml?c=99383&p=...
It's in their annual report:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9M...
See page 24(29) where they list annual revenue for past five years:
EDIT: Your statement about no real business doing $0 in revenue kept on nagging me. So I went and looked up their 2010 10k. They actually did $3.2B in 2010. So this chart is NOT accurate. They did do $4.0B in 2009, but only dropped to $3.2B in 2010.Just because you file for bankruptcy doesn't mean you have zero revenue.