Is Blockbuster Video still in business?

In its heyday, Blockbuster Video had 9,000 stores around the world. In 2010, Blockbuster declared bankruptcy, and by 2014, all corporate-owned stores had shuttered. That left locally owned franchises like the one in Bend to fend for themselves, and one by one, they closed.

Where is Blockbuster Video still open?

Today, only one remains in Bend, Oregon. It has been dubbed The Last Blockbuster. Franchisee Sandi Harding has pledged to keep it open for as long as Dish Network continues to license the name to her.

What killed Blockbuster Video?

For his part, Keyes later blamed Blockbuster’s ultimate demise on the company’s inability to raise Wall Street financing to pay off its debt. “That was the death blow to Blockbuster that caused us to have to file for bankruptcy,” Keyes said in 2018.

Why did Blockbuster close down?

On September 23, 2010, Blockbuster filed for Chapter 11 bankruptcy protection due to challenging losses, $900 million in debt, and strong competition from Netflix, Redbox, and video on-demand services. Movie Gallery/Hollywood Video had filed for Chapter 7 bankruptcy liquidation earlier in 2010 for similar reasons.

What killed Blockbuster?

Blockbuster was killed by economic progress, not George Osborne . John Phelan is a Contributing Editor for The Commentator and a Fellow at the Cobden Centre .

Who started Blockbuster Video?

Blockbuster was founded by David Cook, who had previously owned a business that provided computer software services to the oil and gas industry in Texas. Cook saw the potential in the video-rental business and after opening the first Blockbuster in 1985, he added three more stores the following year.

Who owns Blockbuster Video?

In 1994, Blockbuster was acquired by the media giant Viacom Inc., whose brands include MTV and Nickelodeon. In the mid-1990s, the digital video disc (DVD) made its debut and in 1997, Netflix, an online DVD rental service, was founded.