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Blockbuster (retailer)
American video rental corporation / From Wikipedia, the free encyclopedia
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Blockbuster[5] (formerly called Blockbuster Video) is an American multimedia brand and former rental store chain. The business 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] The logo was designed by Lee Dean at the Rominger Agency.[7][8][9] The company expanded internationally throughout the 1990s. At its peak in 2004,[10][11] Blockbuster employed 84,300 people worldwide and operated 9,094 stores.[12]
![]() Logo used since 1999 | |
![]() A Blockbuster location in March 2007 in Clermont, Florida, as seen from the Citrus Tower | |
Company type | Subsidiary |
---|---|
NYSE: BBI (1999–2010)[1][2] Expert Market: BLIAQ Expert Market: BLIBQ (BB Liquidating Inc.) | |
Founded | October 19, 1985 (38 years ago) (1985-10-19)[3] Dallas, Texas |
Founder | David Cook[3] |
Defunct |
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Fate | Bankruptcy, liquidation sale, limited continuation of brand name in the United States |
Successor | Sling TV Dish Movie Pack |
Headquarters | Dallas, Texas , U.S. |
Number of locations | 1 (privately owned, franchised) in Bend, Oregon [lower-alpha 1] |
Services | Home video rentals (VHS, Betamax, LaserDisc, DVD, Ultra HD Blu-ray, Blu-ray) Video on demand streaming services |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 84,300 (2004) 25,000 (2010) 3 (2019)[4] |
Parent | Viacom (1994–2004) Dish Network (2011–2014) |
Website | www |
Poor leadership and the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix's mail-order service, video on demand, and Redbox automated kiosks. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010.[13][14] The next year, its remaining 1,700 stores were bought by satellite television provider Dish Network,[15][16] and by 2014, the last 300 company-owned stores were closed.[17] Although corporate support for the brand ended, Dish retained a small number of franchise agreements, enabling some privately owned franchises to remain open. Following a series of further closures in 2019, only one franchised store remains open, located in Bend, Oregon, United States.[10][11][12][18][19][20]