Friday, November 11, 2016

Blockbuster Video Rents its Last Rental

Blockbuster rented it's last video on November 11, 2013.
November 11, 2013
The very first Blockbuster video store opened on October 1985 in Dallas, Texas by David Cook. The chain grew quickly and was soon was buying out smaller chains. It became a multi-billion dollar company by the 1990’s. It had a appeared that nothing could stop the giant. In 2000, they turned down an offer to purchase Netflix which may have been their undoing. In 2010 Blockbuster became the only national video rental chain left in operation. Also that same year, the company’s public accounting firm raised doubts that Blockbuster could continue operating due to its large debt. Blockbuster struggled the next three years trying out different ways to make money, but this story was not destined for a happy ending. Rentals of videos stopped at the remaining stores in November 2013. The very last video to be rented out is said to be This Is the End at a store in Hawaii.