Blockbuster LLC, formerly Blockbuster Inc., is an American-based provider of home movie and video game rental services, originally through video rental shops (both owned and franchised), later adding DVD-by-mail, streaming, video on demand and cinema theater. At its peak in 2004, Blockbuster had up to 60,000 employees. There are around 500 Blockbuster stores left in the U.S. with locations in 17 countries worldwide, down from its peak of more than 9,000 stores in 2004. It is headquartered in Englewood, Colorado. Because of poor strategic planning, mismanagement and competition from other video rental companies such as Netflix, Blockbuster has lost significant revenue. The company filed for bankruptcy on September 23, 2010, and on April 6, 2011, was bought 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.
Contributions by Oberst, 126.96.36.199, and Cleared as filed.