Blockbuster LLC

Blockbuster LLC, formerly Blockbuster Inc., is an American-based provider of home video and video game rental services, originally through video rental shops (both owned and franchised), later adding DVD-by-mail, streaming, and video on demand. At its peak in 2009, Blockbuster had up to 60,000 employees. There are around 1000 Blockbuster stores left in the U.S. with locations in 17 countries worldwide. It is headquartered in McKinney, Texas. Because of poor strategic planning and mismanagement as well as 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 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.