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He also had the idea of a 2,500-acre Blockbuster sports and amusement park in Florida, something Blockbuster was still considering as late as August 1994. [41] Unable to come up with a proper solution about how to face the growing threats to the traditional videostore, he made the decision to sell Blockbuster to Viacom and pull out. [ 42 ]
A third of Blockbuster’s $1 billion debt was due to be refinanced in 2009, and Moody’s warned that the company may be unable to refinance its debt. “The probability to fail just was a killer ...
Like Blockbuster, though, RadioShack just didn’t keep up with the times. In 2015, the company filed for bankruptcy due to declining sales, the rise of e-commerce and mounting competition from ...
Blockbuster's $980 million voluntary Chapter 11 bankruptcy filing Thursday marks the end of a very rough road for the video rental company. At some level, Blockbuster's demise was caused by the ...
Florida State Fair in 2013. In 1904, the South Florida Fair Association was formed and plans for a new exhibition were proposed. The fair was founded as the South Florida Fair in downtown Tampa and renamed the Mid-Winter Festival a few years later. The name finally changed to the present Florida State Fair in 1915. [7]
Blockbuster hoped to gain an edge on their competition by renting Nintendo games at a time when their demand was on the rise. [9] In some video rental stores, video game rentals comprised as much as 40% of their business, while comprising closer to 15% at other stores. [ 9 ]
DENVER -- The video-rental chain Blockbuster plans to close about 300 stores across the country, losing about 3,000 employees. A company spokesman told The Denver Post on Monday that the closures ...
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]