Cook's experience with managing huge databases proved helpful in driving innovation within the industry. The chain's name is derived from the term blockbuster, a Hollywood term for a successful film. The first Blockbuster store opened on October 19, 1985, in Dallas, Texas, with an inventory of 8,000 VHS and 2,000 Beta tapes. When he realized the potential in video rentals, Cook abandoned the oil industry and began franchising the Blockbuster store. When Video Works would not allow him to decorate the interior of his store with a blue-and-yellow design, he departed the franchise and opened the first Blockbuster Video in 1985 under his own company Blockbuster Video Inc.
Cook & Associates, the subsidiary of his company, he decided to buy into a video store franchise in Dallas known as Video Works. Using profit he made from the sale of David P. Sandy Cook, David's wife, wanted to get into the video business, and her husband would soon study the industry and future prospects.
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The company's primary goal was to supply software services to the oil and gas industries throughout Texas, but it was very unsuccessful. History 1985–1996: David Cook era and early growth A Blockbuster store in Durham, North Carolinaīlockbuster's beginnings can be traced back to another company, Cook Data Services, founded by David Cook in 1978.
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Following a series of further closures in 2019, only one franchised store remains open, located in Bend, Oregon, United States. Although corporate support for the brand ended, Dish retained a small number of franchise agreements, enabling some privately owned franchises to remain open. The next year, its remaining 1,700 stores were bought by satellite television provider Dish Network, and by 2014, the last 300 company-owned stores were closed. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010. Poor leadership and the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix's mail-order service, video on demand, and Redbox automated kiosks. At its peak in 2004, Blockbuster consisted of 9,094 stores and employed approximately 84,300 people: 58,500 in the United States and 25,800 in other countries.
The company expanded internationally throughout the 1990s. It was founded by David Cook in 1985 as a stand-alone mom-and-pop home video rental shop, but later grew into a national store chain featuring video game rentals, DVD-by-mail, streaming, video on demand, and cinema theater. Blockbuster Video was an American video rental store chain.
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