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Apr 16, 2010 · While some of the rental chains, including Hollywood and Blockbuster, tried to compete by introducing their own subscription and online services, Movie Gallery stuck to its tried-and-true guns and in 2005 acquired Hollywood Video in a $1.2 billion deal that included $350 million worth of Hollywood’s debt.
Feb 15, 2013 · Throughout the 2000s, game publishers worked alongside Hollywood to ship games based on the biggest blockbuster movies, day and date with the film’s release in theaters.
- They Underestimated the Threat of Online Rental Services. When Netflix started offering DVD rentals by mail in the late 1990s, Blockbuster laughed off the competition.
- They Were Slow to Embrace New Technologies. Related to the above, Blockbuster failed to adopt new technologies quickly enough. The world was shifting from physical to digital media rentals, yet Blockbuster was still focused on its traditional in-store model.
- Their Business Model Had Expensive Overheads. Blockbuster’s traditional retail stores came with massive fixed costs. They had to lease thousands of large spaces, hire many staff to man locations, and maintain a huge inventory across multiple sites.
- They Alienated Customers with Late Fees. One of the biggest complaints people had about Blockbuster was their excessive late fees. You could end up paying more in fees than it cost to just rent or buy a movie!
Jul 21, 2022 · As covered by the Sun Sentinel in 1989 (via the Nintendo Times), Nintendo actually sued Blockbuster when Blockbuster started renting out games along with movies. Suddenly you could play "Legend of Zelda" or "Super Mario Bros." for a fraction of the price, but Blockbuster soon experienced a glitch.
- Elizabeth Rayne
- Ben Unglesbee
- 1977. Twentieth Century Fox becomes the first studio to make its films available on video.
- 1985. David Cook opens the first Blockbuster store.
- 1987. Wayne Huizenga joins as investor, becomes CEO.
- 1993. After bulldozing its way across the country, Blockbuster has nearly 3,600 stores.
Jul 1, 2024 · Jul 1, 2024. -- Introduction. Blockbuster Video, once the titan of the video rental industry, is a classic example of a business that soared to great heights before experiencing a dramatic...
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Oct 5, 2023 · Once a giant in the entertainment sector, Blockbuster's failure to adapt to technological advancements led to its downfall. This comprehensive blog post explores the rise and fall of Blockbuster, contrasting it with Netflix—a company that not only adapted to change but also became a disruptor.
