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Former Blockbuster posts $700,000 net loss for March on zero revenues
By Caroline Salls
Pittsburgh, April 26 - BB Liquidating Inc., formerly Blockbuster Inc., reported a net loss of $700,000 for March on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, BB Liquidating posted a $300,000 net loss for February, also on zero revenues.
The company reported cash and cash equivalents of $34.3 million as of March 31, down from $35.3 million at the end of February.
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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