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The first Blockbuster store opened on October 19, 1985, in Dallas, Texas, with an inventory of 8,000 VHS and 2,000 Beta tapes. [23][24][25] The chain's name is derived from the term blockbuster, a Hollywood term for a successful film.
It’s been years since M.M. LaFleur shuttered its subscription service and closed all its stores. Now it’s recommitting to both.
In 2004, Viacom parted ways with Blockbuster. That same year, the company launched Blockbuster Online, but it was already years behind Netflix. At the same time, Blockbuster decided to end late...
Blockbuster, once valued at $3 billion, filed for bankruptcy in 2010 and closed its doors on indecisive renters on movie night, right as a little streaming service called Netflix gained steam. Advertisement. But a switch to streaming wasn't the only factor in Blockbuster's big bust.
In 2011, Dish Network bought out Blockbuster, but it decided just two years later to shut the business down, per Variety. The Blockbuster brand itself wasn't exactly dead after the decision, as Dish saw opportunities for Blockbuster's video-on-demand business.
It had been clear for years that Blockbuster’s model was unsustainable. Heck, Netflix was operating for six years before Blockbuster launched its own movie-by-mail service.
The remnants of the once-ubiquitous US video rental chain, now a subsidiary of Dish Network Corp., will shut its roughly 300 US retail stores as well as close its by-mail DVD distribution...
Blockbuster was an upstart itself when it was formed in 1985 as a small, flashy video-rental chain in Florida. Businessman Wayne Huizenga bought the company in 1987 and began a series of...
In July 2018, Blockbuster Alaska declared its two remaining stores were closing. Soon after, the last Blockbusters in Australia closed, too — leaving a lone survivor in Oregon. For Sandi Harding, managing the last Blockbuster has been a struggle.
Blockbuster began closing down stores in 2010, leaving just one since 2019, but is Netflix really to blame like most people think?