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Former Blockbuster records $400,000 net loss for June on zero revenues
By Caroline Salls
Pittsburgh, Sept. 6 - BB Liquidating Inc., formerly Blockbuster Inc., reported a $400,000 net loss for June 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 a $1.1 million net loss for May, also on zero revenues.
The company reported cash and cash equivalents of $1.2 million as of June 30, up from $1 million at the end of May.
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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