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Former Blockbuster reports $1.1 million net loss for May, zero sales
By Caroline Salls
Pittsburgh, June 27 - BB Liquidating Inc., formerly Blockbuster Inc., reported a $1.1 million net loss for May on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, BB Liquidating posted $900,000 of net income for April, also on zero revenues.
The company reported cash and cash equivalents of $1 million as of May 31, down from $1.5 million at the end of April.
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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