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  2. Sep 6, 2014 · We all know what happened next. Blockbuster went bankrupt in 2010 and Netflix is now a $28 billion dollar company, about ten times what Blockbuster was worth.

  3. Apr 24, 2023 · What happened to Blockbuster? Before Netflix and Amazon Prime, Blockbuster was the easiest way to watch a movie. Today, just one store remains open.

    • Henry Blodget
  4. “What really happened to Blockbuster was our inability to finance our debt,” he said. “That was the death blow to Blockbuster that caused us to have to file for bankruptcy.” Keyes said...

  5. Aug 12, 2020 · But in 2010, after turning down the chance to buy Netflix, Blockbuster filed for bankruptcy with almost $1 billion in debt. So, what happened?

    • Business Insider Video
    • 8 min
  6. Apr 16, 2021 · The stock fell. Activist investor Carl Icahn launched a distracting proxy fight. When Netflix launched its streaming service in 2007, the rental chain’s revenue of $5 billion was still more than 4...

  7. Jan 31, 2023 · Blockbuster was bought in 1994 by media giant Viacom for $8.4 billion in 1994 so that Viacom could finance its bidding war with QVC Network Inc. to take over Paramount Inc., according to the Los Angeles Times.

  8. Aug 7, 2020 · Blockbuster first opened on October 19, 1985, in Dallas, Texas, according to History. Then, most video stores were small, mom-and-pop shops, but Blockbuster had a vault containing 8,000 tapes and a computerized check-out process.

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