Blockbuster
Blockbuster, officially Blockbuster LLC and also known as Blockbuster Video, is an American-based provider of home movie and video game rental services. Services were offered primarily at video rental shops, but later alternatives included DVD-by-mail, streaming, video on demand, and cinema theater. Previously operated by Blockbuster Entertainment, Inc., the company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster consisted of 9,094 stores and employed approximately 84,300 people: 58,500 in the United States and 25,800 in other countries.
Poor leadership and competition from Netflix's mail-order service, Redbox automated kiosks, and video on demand services were major factors leading to Blockbuster's decline. It began to lose significant revenue during the late 2000s, and filed for bankruptcy protection in 2010. The following year, its remaining 1,700 stores were bought by satellite television provider Dish Network. By early 2014, the last 300 company-owned stores were closed.
Poor leadership and competition from Netflix's mail-order service, Redbox automated kiosks, and video on demand services were major factors leading to Blockbuster's decline. It began to lose significant revenue during the late 2000s, and filed for bankruptcy protection in 2010. The following year, its remaining 1,700 stores were bought by satellite television provider Dish Network. By early 2014, the last 300 company-owned stores were closed.
