In a regulatory filing yesterday, Blockbuster Inc. mentioned that it would have to file for bankruptcy if it can't deal with its $1-billion-plus debt load. Not much of a surprise there.But CEO James Keyes, in an interview with Bloomberg, discounted that language in the filing, saying it was required by the company's attorneys. He didn't deny, however, the company's annual lost last year of $558.2 million.Now, the company is trying to work out a different revenue-share program with studios. Blockbuster is also reportedly trying to sell it's stores in Europe and Canada to raise cash.It looks like Blockbuster won't be buying those Movie Gallery assets any time soon.ALSO: Bon Ton, Macy's Find a Middle Way to Profit - For Now
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