The announcement was expected to come down this week and it came Thursday.

Blockbuster, Incorporated has filed for Chapter 11 bankruptcy

But the financial move should have little effect on the 3,000 Blockbuster locations across the country.

All Rapid City Blockbuster stores are locally owned and owner Eric Seljeskog says the financial challenge of Blockbuster, Incorporated has no impact on the local stores.

In a statement released, Seljeskog said, "All three of the Rapid City Blockbuster stores are doing quite well, in spite of recession."

BH FOX News Staff