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Former Blockbuster posts $400,000 December net loss on zero revenues
By Caroline Salls
Pittsburgh, Feb. 3 - BB Liquidating Inc., formerly Blockbuster Inc., reported a net loss of $400,000 for December on zero revenues, according to its monthly operating report filed Feb. 2 with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare to a $900,000 net loss posted for November, also on zero revenues.
The company reported cash and cash equivalents of $37.3 million as of Dec. 31, down from $37.7 million at the end of November.
Blockbuster was a Dallas-based provider of in-home movies and game entertainment. It filed for bankruptcy on Sept. 23, 2010 under Chapter 11 case number 10-14997.
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