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Blockbuster [5] is an American multimedia brand which was founded by David Cook in 1985 as a single home video rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming, video on demand, and cinema theater. [6]
Blockbuster's been on the brink of financial insolvency for years, and yesterday the movie rental chain finally pulled the plug and filed for bankruptcy in New York. The 25-year-old company has ...
Struggling video rental chain Blockbuster has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt. The company filed voluntary chapter 11 petitions in the U.S ...
This one's been expected and rumored for a long time. Now it's official: Blockbuster has initiated "pre-arranged" chapter 11 proceedings. Under the plan, Blockbuster's debt would be reduced from ...
Founded in 1989, Discovery Zone grew quickly, opening 15 stores in 18 months. [4] In April 1993, Blockbuster Video invested $10.3 million (~$19.6 million in 2023) into Discovery Zone to purchase 20% of the company with an option to increase its stake to 50.1 percent in June 1994.
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 ...
The Abby Z flagship store opened in SoHo, New York at 57 Greene Street in 2008 and closed in 2009 [46] when its parent company filed for bankruptcy. [47] Anchor Blue – youth-oriented mall chain, founded in 1972 as Miller's Outpost. The brand had 150 stores at its peak, predominantly on the West Coast.
In 2008, at a time when in-store kiosks with $1 rentals started popping up everywhere, Blockbuster touted its brick-and-mortar business and dismissed the significance of new distribution models.