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| Topic: |
Business
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| Number of pages / Number of words: |
30 / 8204 |
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In 1987 Entrepreneur Wayne Huizenga purchased the company. Over the next few years the company would grow enormously with acquisitions of many retail chains including Major Video, and Erol’s (the 3rd largest video chain at the time) increasing its stores to over 1,500 by 1990. Blockbuster became the largest video store in the U...
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Blockbuster became the largest video store in the U.K. in 1992 with the purchase of Cityvision. It also ventured into the music retail industry that year introducing Blockbuster Music and acquiring several music store chains.
In 1994, the company was purchased by Viacom for $8.4 Billion and formed a new division called Blockbuster Entertainment Group...
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