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When Video Works would not allow him to decorate the interior of his store with a blue-and-yellow design, he departed the franchise and opened the first Blockbuster Video in 1985 under his own company Blockbuster Video Inc. [20] [21] When he realized the potential in video rentals, Cook abandoned the oil industry and began franchising the ...
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 ...
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 ...
Blockbuster’s finances were in a precarious position when Keyes took its helm in 2007. Fresh from his success reviving 7-Eleven, where he served as chief from 2000-2005, Keyes wasted no time ...
Blockbuster Video – sold to Dish Network in 2011; [126] all company-owned stores were closed January 12, 2014, but 1 franchise store remains open in Bend, Oregon. [127] Bookstop; Borders Books – filed for bankruptcy in 2011; [128] some locations purchased by Books-A-Million; borders.com website acquired by Barnes & Noble Booksellers
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 ...
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]
Hollywood Video is having a fire sale of used videos at the 805 stores it plans to close after its parent company, Movie Gallery, filed for bankruptcy a few weeks ago. This is great news for ...