Blockbuster one step closer to the grave.

Reports are starting to fly around the intertubes about Blockbuster preparing for an epic meltdown.

Blockbuster missed yet another interest payment. Of course it tries to paint a mush more rosy picture than what is actually happening.

A Blockbuster closure will force the movie studios hand at making deals with Netflix and Redbox as one of their cash cows dies off. Like so many companies it failed to innovate and its competitors innovated with new distribution methods (the Internet) and they are now facing that unstoppable force. This comes on the heals of Apple integrating Netflix into their brand new Apple TV. These days when Apple throws it’s weight behind you you’ve got something going on.

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