Blockbuster finally released its Q2 (ended July 4) results after a delay, to report that it had received another extension on its $42.4 million debt payment (to September 30th), but lost $69 million in the quarter.  Sales dropped 20%, to $788 million. 

The company is seeking to arrange a pre-packaged Chapter 11 bankruptcy filing (see “Blockbuster Nearing Bankruptcy”), but warned that a Chapter 7 liquidation is possible if it is unsuccessful.