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- Buried under a billion dollars of debt, Blockbuster Inc. filed for Chapter 11 bankruptcy on Thursday. The video rental giant's demise has been a long time coming (and some think it will never recover).
www.theatlantic.com/business/archive/2010/09/blockbusted-the-rise-and-fall-of-a-video-chain/344066/
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Sep 6, 2014 · Blockbuster went bankrupt in 2010 and Netflix is now a $28 billion dollar company, about ten times what Blockbuster was worth. Today, Hastings is widely hailed as a genius and Antioco is...
- 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.
Nov 17, 2022 · In 2000, Reed Hasting flew out to meet with Antioco and proposed a partnership: Netflix would run Blockbuster's brand online and Blockbuster would promote Netflix in-stores. According to...
Blockbuster became a multibillion-dollar company, but Huizenga was worried about how new technology could threaten their business, such as video on demand and the growth of cable television.
May 29, 2024 · As a novelty, the shop endures. A 2020 documentary, The Last Blockbuster, highlighted Bend and eulogized the entity. In a tech-age twist, Netflix—the company that heralded the end of the rental era—made a comedy series about a fictional last remaining Blockbuster in 2022, setting it in Michigan.
Feb 13, 2023 · Despite having ceased trading in 2014, the movie rental chain is screening its biggest ad in over a decade during the Super Bowl. We find out why. Yes, you read that correctly, Blockbuster is...
Aug 12, 2020 · Once valued as a $3 billion company, in just one year, Blockbuster earned $800 million in late fees alone. But fast-forward a decade, and Blockbuster ceased to exist, having filed for...