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- Blockbuster agreed yesterday to buy the 236 music stores in the Sound Warehouse and Music Plus chains from Shamrock Holdings, an investment firm in California, for $185 million in cash and stock.
www.nytimes.com/1992/10/20/business/company-news-blockbuster-agrees-to-buy-music-store-chain.html
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In 1992, Blockbuster acquired the Sound Warehouse and Music Plus music retail chains and created Blockbuster Music. [33] [34] In October 1993, Blockbuster took a controlling interest in Spelling Entertainment Group, a media company run by television producer Aaron Spelling. [35]
Oct 20, 1992 · Blockbuster agreed yesterday to buy the 236 music stores in the Sound Warehouse and Music Plus chains from Shamrock Holdings, an investment firm in California, for $185 million in cash and stock.
Aug 16, 1998 · Up from the deep: Torrance, CA-based Wherehouse Entertainment announced last week that it will purchase Blockbuster Music from Viacom Inc. for $115 million. The merged operation will have 598 stores throughout North America, second only to Minnesota-based Musicland.
In August 1998, Wherehouse purchased Blockbuster Music from Viacom. [10] The company filed for Chapter 11 bankruptcy in 2002. In 2003, Trans World Entertainment purchased the remaining 148 Wherehouse stores for $41 million (~$65.1 million in 2023) in cash and assumed liabilities while closing 35 under-performing stores. [ 11 ]
Aug 12, 1998 · Viacom Inc. on Tuesday agreed to sell its lackluster Blockbuster Music chain to Torrance-based Wherehouse Entertainment Inc. for $115 million in cash, in a deal that would catapult Wherehouse...
Aug 12, 1998 · Ending months of speculation, Viacom has sold its Blockbuster Music chain to Wherehouse Entertainment for $115 million in cash. The deal ends a three-year quest to find a suitor and makes...
The music store division was sold in August 1998 by Blockbuster's parent company Viacom to Wherehouse Entertainment for $115 million. [20] [22] Early in Antioco's CEO tenure, Blockbuster also ended its relationships with Virgin Interactive, Discovery Zone, and Spelling Entertainment. [23]
