BLOCKBUSTER SALE PROTOCOL HEARING ADJOURNED TO MARCH 10

The hearing to consider Blockbuster Inc. and its debtor affiliates' proposed bidding procedures in connection with their proposal to sell substantially all of their assets has been adjourned from March 2 to March 10, 2011.

The proposed sale drew more than 40 objections from creditors.

For the full story, read BLOCKBUSTER Bankruptcy News, Issue No. 20.

BLOCKBUSTER Bankruptcy News, Issue No. 20 contains stories with these headlines:

[00270] CREDITORS BALK AT BLOCKBUSTER'S PROPOSED SALE
[00271] SALE PROCEDURES HEARING ADJOURNED TO MARCH 10
[00272] DEBTORS' MOTION TO SELL SUBSTANTIALLY ALL ASSETS
[00273] DEBTORS' MOTION TO OBTAIN $125-MIL. DIP FINANCING
[00274] DEBTORS' REPORT ON NON-U.S. STORE VALUE AND OPERATIONS
[00275] UNIVERSAL STUDIOS' MOTION FOR PAYMENT OF ADMIN. CLAIM
[00276] UTILITIES' MOTION TO MODIFY ADEQUATE ASSURANCE OF PAYMENT
[00277] SUMMIT'S MOTION TO CONVERT BLOCKBUSTER CASES TO CHAP. 7
[00278] FOX'S MOTION TO ADEQUATELY PROTECT DECLINING DVD VALUES
[00279] FOUR FLORIDA'S MOTION FOR PAYMENT OF ADMINISTRATIVE CLAIM
[00280] RULE 2019 STATEMENT -- Pachulski Stang Ziehl & Jones LLP
[00281] DEBTORS FILE NOTICES OF REJECTION OF UNEXPIRED LEASES
[00282] DEBTORS' MONTHLY OPERATING REPORT -- Ended Jan. 30, 2011

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BLOCKBUSTER BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

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BLOCKBUSTER BANKRUPTCY NEWS tracks the restructuring of Blockbuster Inc.

Company: Bankruptcy Creditors' Service, Inc.
Contact: Peter A. Chapman
Phone: (215) 945-7000
Email: peter[@]bankrupt.com