In April 2011, almost all of Blockbuster's assets, including the "Blockbuster'' trade name, were acquired by DISH Network Corp. The remaining entity changed its name to BB Liquidating, Inc.According to multiple public disclosures, BB Liquidating, Inc.FINRA is issuing this Alert because we believe that there may be investor confusion in the market regarding the bankruptcy of Blockbuster, Inc., (BLOAQ, BLOBQ) and that some stock promoters may be trying to exploit that confusion.Blockbuster is a former NYSE-listed company that filed for Chapter 11 bankruptcy on September 23, 2010.Competition from the Netflix mail-order service, Redbox automated kiosks, and video on demand services were the major factors that led to Blockbuster's eventual demise.Blockbuster began to lose significant revenue during the 2000s, and in 2010, the company filed for bankruptcy protection.
At its peak in 2004, Blockbuster employed 84,300 people worldwide, including about 58,500 in the United States and about 25,800 in other countries, and had 9,094 stores.
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