Blockbuster LLC, formerly
Blockbuster Inc., is an American-based provider of
home video and
video game rental services, originally through
video rental shops, later adding
DVD-by-mail,
streaming video on demand, and
kiosks. At its peak in 2009, Blockbuster had up to 60,000 employees.
There are around 1700 Blockbuster stores in the U.S. with locations in 17 countries worldwide. It is headquartered in
McKinney,
Texas.
Because of competition from other video rental companies such as
Netflix, Blockbuster has undergone significant revenue losses. The company filed for
bankruptcy on September 23, 2010,
and on April 6, 2011, was won by satellite television provider
Dish Network at auction for $233 million and the assumption of $87 million in liabilities and other obligations.
The acquisition was completed on April 26, 2011.
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