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Blockbuster Inc.
Added by Bling King - Jun 26th 2011
Blockbuster L.L.C. is an American-based provider of home video and video game rental services, originally through video rental shops (both owned and franchised), later adding DVD-by-mail, streaming video on demand, and kiosks. At its peak in 2009, Blockbuster had up to 60,000 employees.[1] As of January 3, 2010, there were over 5,000 Blockbuster stores in the U.S. and 17 countries worldwide. It is headquartered in McKinney, Texas.[2] Because of competition from other video rental companies such as Netflix, Blockbuster has seen significant revenue losses. The company filed for bankruptcy on September 23, 2010,[3] and on April 6, 2011, was won by satellite television provider Dish Network at auction for $233 million in cash and the assumption of $87 million in liabilities and other obligations.[4] The acquisition was completed on April 26, 2011.
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