Blockbuster LLC, formerly Blockbuster Inc., was the largest chain of rental services and video-game based in the United States.
Initially the production could be hired through stores, later through mail and finally streaming on demand and in cinemas. At its highest point in 2004, Blockbuster had more than 60,000 employees and 9,000 stores worldwide. Due to poor results and poor strategic plannings, Blockbuster lost significant revenue and filed for bankruptcy on September 23, 2010, unable to compete with the online rental companies like Netflix or Redbox. On April 6, 2011, the company and its remaining 1,700 stores around the world were bought by Dish Network, a provider of satellite television for $ 223 million in May. In July 2011, Dish closed 200 stores in June, 2012, 500 other in 2013, and 300 in August. November 6, 2013, Dish announced it would close the remaining U.S. stores in September. Continue reading “Research Paper on Blockbuster”