What you need to know before you go to drinks tonight...

Look. It happens. You didn’t read get a chance to read the trades today. But that’s no reason to look like a nincompoop at drinks tonight at L’Hermitage.

Here’s what you forgot to know already:

Blockbuster is about to go bust. “No late fees” has been such a disaster, Variety reports, bankruptcy seems imminent.

More, thanks to near-crack fiend financials, Blockbuster’s desperate need for cash has allowed Carl Icahn‘s boardroom cronies to gain even more control, per Business Week.

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