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In August 1998, Wherehouse purchased Blockbuster Music from Viacom. The company filed for Chapter 11 bankruptcy in 2002. In 2003, Trans World Entertainment purchased the remaining 148 Wherehouse stores for $41 million (~$65.1 million in 2023) in cash and assumed liabilities while closing 35 under-performing stores.
At the time, Blockbuster had 60,000 employees and 9,000 stores. It was the name in video rentals. Under Hastings’ and Randolph’s proposal, Blockbuster would pay $50 million for a 49% stake in ...
In some video rental stores, video game rentals comprised as much as 40% of their business, while comprising closer to 15% at other stores. According to journalist David Sheff, Blockbuster's revenues from video game rentals reached $150 million (~$309 million in 2023) by 1990, or 10% of their business.
Video Ezy was an Australian home video rental business that offered titles on VHS, DVD, Blu-ray and Ultra HD Blu-ray, as well as console video games, for rent.At its peak in the mid-2000s, Video Ezy had over 500 company-owned and franchised video rental shops in the country, and owned 40% of the Australian video rental market after taking over Blockbuster's Australian operations.
Dish Network was widely ridiculed for snapping up the Blockbuster chain of video rental stores last year, but it may be getting the last laugh now.The country's second-largest satellite television ...
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Initially, the business was centred on video rental through its "Video Box Office" stores (now ChoicesUK Local) which supplied white-label goods to third party convenience stores. The company's first B2C store opened in 1986, under the name of "Choices Video", offering a selection of videos for rental and various confectionery products. In 1991 ...
The company moved forward with its largest single-chain acquisition to date, expanding its base of stores by 30%, in late December 2001. The addition of Video Update stores to the Movie Gallery family launched the company's international presence with 100 retail locations in Canada. Movie Gallery achieved the 1,678 store mark in 2002.