The Freedom Mortgage Pavilion is an outdoor amphitheatre and indoor theater complex in Camden, New Jersey located in the Camden Waterfront entertainment district on the Delaware River across from Philadelphia .
133-733: Since it opened in June 1995, the venue's naming rights have changed several times, and the complex has formerly been known as the Waterfront Music Pavilion , BB&T Pavilion , Susquehanna Bank Center , Tweeter Center , and the Blockbuster-Sony Music Entertainment Centre ( the E-Centre ). The Freedom Mortgage Pavilion opened in June 1995, with naming rights belonging to Blockbuster and Sony Music Entertainment . On April 1, 2001,
266-628: A going concern . This report was included in Blockbusters's 10-K SEC filing. On March 17, 2010, Blockbuster issued a bankruptcy warning after continued drops in revenue threatened its ability to service its nearly $ 1 billion (~$ 1.44 billion in 2023) debt load. By April 1, 2010, Carl Icahn had resigned from Blockbuster's board of directors and sold nearly all his remaining Blockbuster stock. Blockbuster paired up with Time Warner to have Warner Bros. movies made available in Blockbuster stores on
399-423: A loss leader in hopes of drawing more customers to their stores and selling them more profitable items. Unable to match prices, Blockbuster's business model was severely affected. In 1998, Blockbuster created DEJ Productions , which acquired 225 films primarily to provide exclusive content to its Blockbuster stores prior to being sold off to First Look Studios in 2005. During that same year, Blockbuster bought
532-545: A 1990s-themed sleepover on three separate nights in September; each were limited to guests from the area in light of the COVID-19 pandemic . The entity that operated Blockbuster prior to the sale to Dish remains nominally active under the name BB Liquidating Inc., and trades as a penny stock . However, it no longer has any assets or ties to the Blockbuster brand or its remaining franchise location. In activity related to
665-557: A bold turnaround initiative. Subsequently, Circuit City filed for bankruptcy on November 10, 2008, and, after liquidating all of its stores, ceased operations on March 8, 2009. At the beginning of 2010, Blockbuster had over 6,500 stores, of which 4,000 were in the U.S.— a number that fell to 3,425 in late October the same year. In the United States it planned to close between 810 and 960 retail stores, and instead launch as many as 10,000 "Blockbuster Express" video rental kiosks by
798-583: A cable company, but this was unknown territory for Blockbuster and he decided not to take the risk. He also had the idea of a 2,500-acre Blockbuster sports and amusement park in Florida, something Blockbuster was still considering as late as August 1994. Unable to come up with a proper solution about how to face the growing threats to the traditional videostore, he made the decision to sell Blockbuster to Viacom and pull out. Viacom acquired Blockbuster in 1994 for $ 8.4 billion to help finance its bid for Paramount in
931-605: A chance to purchase the fledgling Netflix for $ 50 million (~$ 84.9M in 2024). In 2002, Blockbuster acquired Movie Trading Company, a Dallas chain that buys, sells, and trades movies and games, to study potential business models for DVD and game trading. Also that year, it acquired Gamestation , a 64-store UK computer and console games retailer chain, and purchased DVD Rental Central for $ 1 million, an Arizona father-and-son online DVD-rental company with about ten thousand subscribers. DVD Rental Central would eventually become Blockbuster Online. On or around October 14, 2004, Blockbuster
1064-536: A circumstance which could mandate conversion of the bankruptcy filing to Chapter 7 (liquidation). On March 1, 2011, the U.S. Department of Justice filed a claim disclosing that Blockbuster did not have the funds to continue reorganizing and should liquidate. On March 28, 2011, South Korean telecommunications company SK Telecom made a surprise bid to buy Blockbuster. Dish Network had also expressed interest in bidding, as did Carl Icahn, despite calling Blockbuster "the worst investment I ever made". Dish eventually won
1197-416: A different area of the store. Most Blockbuster locations also accepted trade-ins of used movies, TV shows, and games. Since Blockbuster's founding in 1985, the chain refused to stock adult films in order to portray the brand as family-friendly. However, the company did carry R-rated and unrated films. Dallas Dallas ( / ˈ d æ l ə s / ) is a city in the U.S. state of Texas and
1330-481: A fee. More than 40 states filed suit against the company for false advertising. Blockbuster later settled the suit by agreeing to refunds, as well as promising to better explain the policy. Vintage Stock acquired the Movie Trading Company name from Blockbuster in 2006, and continues to use the name for Dallas-area stores. A billion-dollar campaign called "Total Access" was introduced in 2007 as
1463-403: A former Blockbuster marketing communications executive, stated, "Digital would have changed Blockbuster's business, for sure, but it wasn't its killer. That credit belongs to Blockbuster itself." Commentators view Blockbuster as a main example of failing to change with the times. Although Blockbuster stores had the option of remaining open by paying a licensing fee to Dish, a corporate entity
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#17327910025161596-762: A fully enclosed, climate-controlled, flexible-capacity theater for up to 7,000 people offering a variety of concerts, Broadway theatrical productions, and family entertainment. Depending on the event tickets are available in seat form or standing room. The Freedom Mortgage Pavilion is adjacent to the Battleship New Jersey Museum and Memorial , Wiggins Park, and the Adventure Aquarium . 39°56′27″N 75°07′47″W / 39.940845°N 75.129822°W / 39.940845; -75.129822 Blockbuster (movie rental store) Blockbuster (formerly called Blockbuster Video )
1729-643: A group of French Socialists established La Réunion , a short-lived community, along the Trinity River in what is now West Dallas. With the construction of railroads, Dallas became a business and trading center and was booming by the end of the 19th century. It became an industrial city, attracting workers from Texas , the South, and the Midwest . The Praetorian Building in Dallas of 15 stories, built in 1909,
1862-578: A hostile takeover of Hollywood Video , its major U.S. competitor. After several extensions of the tender offer, Blockbuster withdrew due to FTC opposition. To counter the Blockbuster offer, Hollywood Video agreed to a buyout in January 2005 by a smaller competitor, the Dothan, Alabama -based Movie Gallery . Since then, Movie Gallery has filed for bankruptcy twice and its entire chain of stores has been liquidated. In May 2005, financier Carl Icahn waged
1995-574: A major inland port , due to the convergence of major railroad lines, interstate highways, and the construction of Dallas Fort Worth International Airport , one of the largest and busiest airports in the world. In addition, Dallas Area Rapid Transit (DART) operates rail and bus transit services throughout the city and its surrounding suburbs. Dominant sectors of its diverse economy include defense , financial services , information technology , telecommunications , and transportation . The Dallas–Fort Worth metroplex hosts 23 Fortune 500 companies,
2128-674: A majority of its stores. In the pilot program, Blockbuster offered selected titles for rental and sale in 250 stores. Blockbuster stocked Blu-ray titles in almost 5,000 stores across the United States, Canada, the United Kingdom, Mexico, and Australia. On July 2, 2007, the company named James W. Keyes , former president and CEO of 7-Eleven , as the new chairman and CEO. He introduced a new business strategy that included enhancements to existing stores. The following month in August, Blockbuster acquired Movielink for $ 6.6 million, forecasting
2261-415: A new store every 24 hours. They took over many of the existing Blockbuster franchise stores, and Huizenga spent much of the late 1980s acquiring several of Blockbuster's rivals, including Major Video. In 1989, Nintendo attempted to halt Blockbuster's ability to rent video games, filing multiple lawsuits and lobbying the U.S. Congress to ban the practice. Nintendo ultimately lost the battle , which paved
2394-654: A plan the lake's neighboring cities oppose. Dallas has a humid subtropical climate ( Köppen climate classification : Cfa , Trewartha : Cfhk ) characteristic of the Southern Plains of the United States. It also has both continental and tropical characteristics, characterized by a relatively wide annual temperature range for the latitude. Located at the lower end of Tornado Alley , it is prone to extreme weather, tornadoes, and hailstorms. Summers in Dallas are very hot with high humidity, although extended periods of dry weather often occur. July and August are typically
2527-562: A product of the construction of major railroad lines through the area allowing access to cotton , cattle , and later oil in North and East Texas . The construction of the Interstate Highway System reinforced Dallas's prominence as a transportation hub , with four major interstate highways converging in the city and a fifth interstate loop around it. Dallas then developed as a strong industrial and financial center and
2660-630: A robot-delivered bomb, killing Johnson inside Dallas College El Centro Campus . The shooting occurred in an area of hotels, restaurants, businesses, and residential apartments only a few blocks away from Dealey Plaza. Dallas is situated in the Southern United States , in North Texas . It is the county seat of Dallas County and portions of the city extend into neighboring Collin , Denton , Kaufman , and Rockwall counties. Many suburbs surround Dallas; three enclaves are within
2793-479: A shift to streaming video. Movielink was an online video service that allowed customers to download movie rentals from a library of over 6,000 films, created in 2002 by five major studios including Warner Bros, MGM Studios, Paramount Pictures, Sony Pictures, and Universal Studios. The move gave Blockbuster the opportunity to move away from the unprofitable Total Access (DVD-by-mail) service in favor of online streaming. Despite growing competition from Netflix and Redbox,
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#17327910025162926-607: A signature building in Bank of America Plaza which is lit up in neon but falls outside the top two hundred tallest buildings in the world. Although some of Dallas's architecture dates from the late 19th and early 20th centuries, most of the notable architecture in the city is from the modernist and postmodernist eras. Iconic examples of modernist architecture include Reunion Tower , the John Fitzgerald Kennedy Memorial , I. M. Pei 's Dallas City Hall and
3059-453: A small handful of films. Everyone watching the same thing, everyone developing the same limited set of expectations... They put focus entirely on what was new rather than on discovering film history ... When a title was no longer a new release, each store would retain a few copies of it and typically sell off the rest as "previously viewed" for discounted prices. Older movies would be re-categorized as "Blockbuster Favorite" titles and placed in
3192-578: A store's inventory to its neighborhood, based on local demographics. In 1987, Waste Management co-founder Wayne Huizenga , who originally had reservations about entering the video rental industry, agreed to acquire several Blockbuster stores. At that time, there were 19 stores, attracting Huizenga's associate John Melk's attention due to its efficiency, family-friendly no-pornography image and business model. Huizenga and Melk utilized techniques from their waste business and Ray Kroc 's model of expansion to rapidly expand Blockbuster, and soon they were opening
3325-406: A strategy against Netflix. Through Blockbuster Online, customers could rent a DVD online and receive a new movie for free when they returned it to a Blockbuster store. While it was a major success every free movie cost the company two dollars, but the hope was that it would attract enough new subscribers to cover the loss. Netflix felt threatened, and Netflix CEO Reed Hastings approached Antioco with
3458-409: A successful proxy fight to add himself and two other members to the board. Icahn accused Blockbuster of overpaying chairman and CEO John F. Antioco, who had served in that capacity since 1997, receiving $ 51.6 million in compensation for 2004. Icahn was also at odds with Antioco on how to revive profit at Blockbuster. Antioco scrapped late fees in January, started an internet service, and decided to keep
3591-450: A suggestion to buy Blockbuster's online business. In return, a new system would be introduced where customers could return their movies to a Blockbuster store. Before the deal could be realized, board member Carl Icahn intervened, refusing to let the company lose more money through Total Access. Antioco was pushed out in July and replaced with James Keyes, who rejected Hastings' proposal, raised
3724-630: A total of 312 residents according to 2019's census estimates, down from 606 in 2017. Hispanic or Latino Americans of any race made up 41.2% of the estimated population in 2019. Among the Hispanic or Latino American population in 2019, 34.6% of Dallas was Mexican , 0.4% Puerto Rican , 0.2% Cuban and 6.0% other Hispanic or Latino American. In 2017's American Community Survey estimates among the demographic 35.5% were Mexican, 0.6% Puerto Rican, 0.4% Cuban, and 5.4% other Hispanic or Latino. By 2020, Hispanic or Latino Americans of any race continued to constitute
3857-890: A variety of named districts, including the West End Historic District , the Arts District , the Main Street District , Farmers Market District , the City Center Business District , the Convention Center District , and the Reunion District . This area includes Uptown, Victory Park , Harwood, Oak Lawn, Dallas Design District , Trinity Groves , Turtle Creek , Cityplace , Knox/Henderson , Greenville , and West Village . East Dallas
3990-404: A white mob of hundreds of people lynched a black man, Allen Brooks , accused of raping a little girl. The mob tortured Brooks, then killed him at the downtown intersection of Main and Akard by hanging him from a decorative archway inscribed with the words "Welcome Visitors". Thousands of Dallasites came to gawk at the torture scene, collecting keepsakes and posing for photographs. In 1921,
4123-401: Is November 12, and the average date of last frost is March 12. January is typically the coldest month, with an average daytime high of 56.8 °F (14 °C) and an average nighttime low of 37.3 °F (3 °C). The normal daily average temperature in January is 47.0 °F (8 °C) but sharp swings in temperature can occur, as strong cold fronts known as " Blue Northers " pass through
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4256-475: Is derived from the term blockbuster , a Hollywood term for a successful film. Cook's experience with managing huge databases proved helpful in driving innovation within the industry. Following early success from the company's first stores, Cook built a $ 6-million warehouse in Garland, Texas , to help sustain and support future growth that allowed new stores to open quickly. Blockbuster would often custom-tailor
4389-433: Is home to many areas, neighborhoods, and communities. Dallas can be divided into several geographical areas which include larger geographical sections of territory including many subdivisions or neighborhoods, forming macroneighborhoods. Central Dallas is anchored by Downtown Dallas, the center of the city, along with Oak Lawn and Uptown , areas characterized by dense retail, restaurants, and nightlife. Downtown Dallas has
4522-482: Is surrounded by undeveloped land on all sides. Swampland and wetlands separating it from South Dallas are part of the Great Trinity Forest , a subsection of the city's Trinity River Project , newly appreciated for habitat and flood control . Dallas and its surrounding area are mostly flat. The city lies at elevations ranging from 450 to 550 feet (137 to 168 m) above sea level. The western edge of
4655-473: Is the ninth-most populous city in the U.S. and the third-most populous city in Texas after Houston and San Antonio . Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the Southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. Dallas and nearby Fort Worth were initially developed as
4788-423: Is the location of Cedars , and Fair Park , where the annual State Fair of Texas is held from late September through mid-October. Also located here is Exposition Park, Dallas , noted for having artists, art galleries, and bars along tree-lined Exposition Avenue. South Side Dallas is a popular location for nightly entertainment. The neighborhood has undergone extensive development and community integration. What
4921-531: Is the location of Deep Ellum , an arts area close to Downtown, the Lakewood neighborhood (and adjacent areas, including Lakewood Heights , Wilshire Heights , Lower Greenville , Junius Heights , and Hollywood Heights/Santa Monica ), Vickery Place and Bryan Place , and the architecturally significant neighborhoods of Swiss Avenue and Munger Place . Its historic district has one of the largest collections of Frank Lloyd Wright -inspired prairie-style homes in
5054-792: The GameStop short squeeze of January 2021, the BB Liquidating stock surged, despite there being "no value for the common shareholders in the bankruptcy liquidation process, even under the most optimistic of scenarios." On September 21, 2022, the Blockbuster Twitter account revealed the Blockbuster World Video Game Championship 3. The event was held during the Portland Retro Gaming Expo 2022. On March 23, 2023,
5187-651: The Morton H. Meyerson Symphony Center . Good examples of postmodernist skyscrapers are Fountain Place , Bank of America Plaza , Renaissance Tower , JPMorgan Chase Tower , and Comerica Bank Tower . Downtown Dallas also has residential offerings in downtown, some of which are signature skyline buildings. Several smaller structures are fashioned in the Gothic Revival style, such as the Kirby Building , and
5320-450: The neoclassical style, as seen in the Davis and Wilson Buildings. One architectural "hotbed" in the city is a stretch of historic houses along Swiss Avenue , which has all shades and variants of architecture from Victorian to neoclassical. The Dallas Downtown Historic District protects a cross-section of Dallas commercial architecture from the 1880s to the 1940s. The city of Dallas
5453-475: The southern portion of the city is predominantly black. The west and east sides of the city are predominantly Hispanic or Latino American; Garland also has a large Spanish-speaking population. North Dallas has many enclaves of predominantly white, black and especially Hispanic or Latino American residents. The Dallas area is also a major living destination for Black and African Americans primarily due to its strong and diverse economy. Between 2010 and 2020,
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5586-414: The 2020 American Community Survey , the median income for a household in the city was $ 54,747; families had a median household income of $ 60,895; married-couple families $ 81,761; and non-families $ 45,658. In 2003–2007's survey, male full-time workers had a median income of $ 32,265 versus $ 32,402 for female full-time workers. The per capita income for the city was $ 25,904. About 18.7% of families and 21.7% of
5719-573: The Austin Chalk Formation, a limestone escarpment (also known as the "White Rock Escarpment"), rises 230 feet (70 m) and runs roughly north–south through Dallas County. South of the Trinity River , the uplift is particularly noticeable in the neighborhoods of Oak Cliff and the adjacent cities of Cockrell Hill, Cedar Hill , Grand Prairie , and Irving . Marked variations in terrain are also found in cities immediately to
5852-497: The Blockbuster web page was re-activated, with the message "We are working on rewinding your movie". The standard business model for video rental stores had traditionally been to pay a large flat fee per video, approximately $ 65, and offer unlimited rentals for the lifetime of the medium itself. Sumner Redstone , whose Viacom conglomerate then owned Blockbuster, personally pioneered a new revenue-sharing arrangement for video. Blockbuster obtained videos for little cost and kept 60% of
5985-534: The DVD release date and not be subject to a four-week delay. Similar agreements were also made with Universal and 20th Century Fox . The liquidation of Movie Gallery began in May 2010, eliminating Blockbuster's primary competitor. During the same month a dissident shareholder, Gregory S. Meyer, in an effort to be elected to Blockbuster's board of directors, engaged in a proxy battle with Blockbuster's board, alleging that
6118-703: The Dallas area had the second-most new Black and African American residents only behind the Atlanta area and slightly above the Houston area. The notable influx of African Americans is partly due to the New Great Migration . There is a significant number of people from the Horn of Africa , immigrants from Ethiopia , Eritrea and Somalia . The Dallas–Fort-Worth metroplex had an estimated 70,000 Russian-speakers (as of November 6, 2012) mostly immigrants from
6251-521: The Dallas region, forcing temperatures below the 40 °F (4 °C) mark for several days at a time and often between days with high temperatures above 80 °F (27 °C). Snow accumulation is seen in the city in about 70% of winter seasons, and snowfall generally occurs 1–2 days out of the year for a seasonal average of 1.5 inches (4 cm). Some areas in the region, however, receive more than that, while other areas receive negligible snowfall or none at all. The all-time record low temperature within
6384-537: The Irish video rental store Xtra-vision , with over 200 stores in Ireland and the United Kingdom. In 2009, Blockbuster sold off its Irish operations to Birchall Investments, with the few Xtra-vision stores in the United Kingdom being rebranded as Blockbuster. In late 1998, Blockbuster launched a loyalty program called Blockbuster Rewards that allowed customers to earn free rentals, including one older title each month from
6517-580: The Metro Dallas Homeless Alliance Continuum of Care 2022 Homeless Count & Survey Independent Analysis, "approximately 1 of 3 (31%) those experiencing homelessness were found on the streets or in other places not meant for human habitation." The region surrounding Dallas is a habitat for mosquitoes, creating a pest problem for humans. Dallas and the surrounding area is sprayed regularly to control mosquito-borne diseases such as West Nile virus . Dallas's population
6650-706: The Mexican Revolution. Despite the onset of the Great Depression , business in construction was flourishing in 1930. That year, Columbus Marion "Dad" Joiner struck oil 100 miles (160 km) east of Dallas in Kilgore , spawning the East Texas oil boom . Dallas quickly became the financial center for the oil industry in Texas and Oklahoma . During World War II , Dallas was a major manufacturing center for military automobiles and aircraft for
6783-659: The Mexican president Álvaro Obregón along with the former revolutionary general visited Downtown Dallas's Mexican Park in Little Mexico ; the small park was on the corner of Akard and Caruth Street, site of the current Fairmont Hotel. The small neighborhood of Little Mexico was home to a Latin American population that had been drawn to Dallas by factors including the American Dream , better living conditions, and
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#17327910025166916-537: The North collide with warm, humid air streaming in from the Gulf Coast , leading to severe thunderstorms with lightning , torrents of rain, hail , and occasionally, tornadoes . Over time, tornadoes have probably been the most significant natural threat to the city, as it is near the heart of Tornado Alley . A few times each winter in Dallas, warm and humid air from the south will override cold, dry air, resulting in freezing rain or ice and causing disruptions in
7049-697: The Sound Warehouse and Music Plus music retail chains and created Blockbuster Music. In October 1993, Blockbuster took a controlling interest in Spelling Entertainment Group , a media company run by television producer Aaron Spelling . Blockbuster purchased Super Club Retail Entertainment Corp. on November 22, 1993, from Philips Electronics, N.V. for 5.2 million shares of Blockbuster stock. This brought approximately 270 Record Bar , Tracks, Turtles and Rhythm and Views music stores and approximately 160 video retail superstores into
7182-442: The Trinity River southeast of Downtown Dallas. Trails along White Rock Creek are part of the extensive Dallas County Trails System. Bachman Lake , just northwest of Love Field Airport , is a smaller lake also popularly used for recreation. Northeast of the city is Lake Ray Hubbard , a vast 22,745-acre (92 km ) reservoir in an extension of Dallas surrounded by the suburbs of Garland , Rowlett , Rockwall , and Sunnyvale . To
7315-550: The U.S. were closed and the DVD-by-mail program was shut down. The Blockbuster official website identified 51 franchise locations remaining in operation in the U.S. in 2014. Dish maintained its video streaming services, Blockbuster on Demand and Blockbuster@Home, until they were replaced by a new subscription service in April 2015 called "DISH Movie Pack". In May 2015, Michael Kelly retired from Dish. Blockbuster's decline
7448-735: The United States and Allied forces. Over 94,000 jeeps and over 6,000 military trucks were produced at the Ford plant in East Dallas. North American Aviation manufactured over 18,000 aircraft at their plant in Dallas, including the T-6 Texan trainer, P-51 Mustang fighter, and B-24 Liberator bomber. On November 22, 1963, United States President John F. Kennedy was assassinated on Elm Street while his motorcade passed through Dealey Plaza in Downtown Dallas. The upper two floors of
7581-596: The United States, Plano , the northern suburb of Dallas, has the 6th largest Chinese American population as of 2016. The Plano-Richardson area in particular had an estimated 30,000 Iranian Americans in 2012. With so many immigrant groups, there are often multilingual signs in the linguistic landscape . According to U.S. Census Bureau data released in December 2013, 23 percent of Dallas County residents were foreign-born, while 16 percent of Tarrant County residents were foreign-born. The 2018 census estimates determined that
7714-507: The United States. In the northeast quadrant of the city is Lake Highlands , one of Dallas's most unified middle-class neighborhoods. Southwest of Downtown lies Oak Cliff . Once a separate city founded in the mid-1800s, Oak Cliff was annexed in 1903 by Dallas. As one of the oldest areas in Dallas, the hilly North Oak Cliff is home to 5 of the 13 conservation districts in Dallas including the architecturally significant Kessler Park neighborhood and trendy Bishop Arts District . South Dallas
7847-453: The age of 18 living with them. Approximately 36.2% of households were headed by married couples living together, 57.2% had a single householder male or female with no spouse present, and 35.6% were classified as non-family households with the householder living alone. In 2010, 33.7% of all households had one or more people under 18 years of age, and 17.6% had one or more people who were 65 years of age or older. The average household size in 2020
7980-419: The air pollution in Dallas and the surrounding area comes from a hazardous materials incineration plant in the small town of Midlothian and from cement plants in neighboring Ellis County . The average daily low in Dallas is 57.4 °F (14 °C), and the average daily high is 76.9 °F (25 °C). Dallas receives approximately 39.1 inches (993 mm) of rain per year. The record snowfall for Dallas
8113-488: The amphitheater was renamed after naming rights were bought by Tweeter . Susquehanna Bank purchased the naming rights in 2008. After Winston-Salem -based BB&T bank bought Susquehanna Bank on August 1, 2015, the amphitheater was renamed BB&T Pavilion. On January 31, 2022 it was announced the venue was officially changing its name a fourth time to the Waterfront Music Pavilion. In May 2022, it
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#17327910025168246-462: The area was considered part of the Mexican state of Coahuila y Tejas . In 1836, Texians , with a majority of Anglo-American settlers, gained independence from Mexico and formed the Republic of Texas . Three years after Texas achieved independence, John Neely Bryan surveyed the area around present-day Dallas. In 1839, accompanied by his dog and a Cherokee he called Ned, he planted a stake in
8379-663: The auction on April 6, 2011, agreeing to buy Blockbuster for $ 320 million and the assumption of $ 87 million in liabilities and other obligations. On April 19, 2011, it was announced that Dish would keep only 500 Blockbuster stores open. The acquisition was completed on April 26, 2011. In April 2011, Dish Network told the U.S. Bankruptcy Court that it needed more time to negotiate with landlords in an effort to keep more than 600 Blockbuster stores open. In April 2011, Blockbuster's landlords objected to its assumption of leases that it sought to assign to soon-to-be-owner Dish Network Corp., claiming that they did not have adequate assurance that
8512-459: The bidding war with QVC Network Inc. Blockbuster's stock trade had been dropping steadily the months before the merger, with a small rise after the deal was announced, and by the latter part of the decade, its worth was estimated to have fallen to just $ 4.6 billion. The Blockbuster Block Party concept was test-marketed in Albuquerque, New Mexico , and Indianapolis , Indiana , in 1994. It
8645-538: The board had been responsible for significant destruction of value to shareholders. Meyer was elected to the board at Blockbuster's shareholder meeting in Dallas on June 24, 2010. On July 1, 2010, the company was delisted from the New York Stock Exchange (NYSE) after its shareholders failed to pass a reverse stock split plan aimed at heading off involuntary delisting because of the stock's trading at well below $ 1 (~$ 1.44 in 2024) per share. The stock
8778-556: The building from which the Warren Commission reported assassin Lee Harvey Oswald shot Kennedy have been converted into a historical museum covering the former president's life and accomplishments. Kennedy was pronounced dead at Dallas Parkland Memorial Hospital just over 30 minutes after the shooting. On July 7, 2016, multiple shots were fired at a Black Lives Matter protest in Downtown Dallas , held against
8911-538: The category of Blockbuster Favorites. Adam C. Hyde an employee from Alabama sold the most Blockbuster Rewards Memberships of any employee in the US, selling over 1600 total by June of 1999, only 6 months after the program went nationwide. After a 1998 test launch, the chain went nationwide with the program in 1999. In August the same year, Viacom sold the Blockbuster Music chain to Wherehouse Entertainment , which
9044-783: The city boundaries— Cockrell Hill , Highland Park , and University Park . According to the United States Census Bureau , the city has a total area of 385.8 square miles (999.3 km ); 340.5 square miles (881.9 km ) of Dallas is land and 45.3 square miles (117.4 km ) of it (11.75%) is water. Dallas makes up one-fifth of the much larger urbanized area known as the Dallas–Fort Worth metroplex , in which one quarter of all Texans live. Dallas's skyline has twenty buildings classified as skyscrapers , over 490 feet (150 m) in height. Despite its tallest building not reaching 980 feet (300 m), Dallas does have
9177-691: The city if the roads and highways become slick. Temperatures reaching 70 °F (21 °C) on average occur on at least four days each winter month. Dallas averages 26 annual nights at or below freezing, with the winter of 1999–2000 holding the record for the fewest freezing nights with 14. During this same span of 15 years, the temperature in the region has only twice dropped below 15 °F (−9 °C), though it will generally fall below 20 °F (−7 °C) in most (67%) years. The U.S. Department of Agriculture places Dallas in Plant Hardiness Zone 8b . However, mild winter temperatures in
9310-608: The city is −10 °F (−23 °C), set on February 12, 1899 during the Great Blizzard of 1899 . The temperature at nearby Dallas/Fort Worth International Airport reached −2 °F (−19 °C) on February 16, 2021, during the February 2021 North American winter storm . Spring and autumn are transitional seasons with moderate and pleasant weather. Vibrant wildflowers (such as the bluebonnet , Indian paintbrush and other flora ) bloom in spring and are planted around
9443-417: The city of Dallas had 1,304,379 residents, an increase of 106,563 since the 2010 United States census . However, as of July 1, 2022, the U.S. Census Bureau estimates that Dallas in first years since the 2020 census lost 4,835 people, leaving the city with a population of 1,299,544. There were 524,498 households at the 2020 estimates, up from 2010's 458,057 households, out of which 137,523 had children under
9576-500: The city of Dallas's foreign-born population consisted of 25.4% naturalized citizens and 74.6% non-citizens. Recognized for having one of the largest lesbian, gay, bisexual, and transgender (LGBT) populations in the nation, Dallas and the Metroplex are widely noted for being home to a vibrant and diverse LGBT community . Throughout the year there are many well-established but quite small compared to other cities LGBT events held in
9709-762: The city's history: those of France, Spain, and Mexico, the flag of the Republic of Texas, the Confederate flag, and the flag of the United States of America. In 1819, the Adams–Onís Treaty between the United States and Spain defined the Red River as the northern boundary of New Spain, officially placing the future location of Dallas well within Spanish territory. The area remained under Spanish rule until 1821, when Mexico declared independence from Spain , and
9842-499: The city. Interstate 35E parallels its path through Dallas along the Stemmons Corridor , then south alongside the western portion of Downtown and past South Dallas and Pleasant Grove, where the river is paralleled by Interstate 45 until it exits the city and heads southeast towards Houston . The river is flanked on both sides by 50 feet (15 m) tall earthen levees to protect the city from frequent floods. Since it
9975-456: The company downplayed the threat, choosing instead to focus on Apple and Walmart as their primary competition. On September 14, 2007, Blockbuster GB Ltd bought a number of retail stores from ChoicesUK plc. ChoicesUK is an AIM-listed multi-channel distributor and retailer of DVDs, computer games, and CDs. The sale secured employment for approximately 450 employees across 59 stores in the UK. As part of
10108-407: The company independent, while Icahn wanted to sell out to a private equity firm. Also in 2005, Blockbuster began a campaign promoting its "No more late fees" policy. The campaign proved controversial, with Associated Press reporting that the new policy actually charged users the full price of the movie or game after eight days which they could cancel by returning the product in question and paying
10241-545: The company's failure in the country. In March 2010, Blockbuster began "Additional Daily Rates", or "ADRs", for rentals not returned by their due date in the United States, having already used this procedure in other countries such as the UK for many years. An ADR was charged for each day a member kept the rental beyond the rental terms. On March 12, 2010, PricewaterhouseCoopers , Blockbuster's independent registered public accounting firm, issued its audit opinion disclosing substantial doubt about Blockbuster's ability to continue as
10374-615: The corporation. It also owned 35% of Republic Pictures ; that company merged with Spelling in April 1994. Blockbuster became a multibillion-dollar company, but Huizenga was worried about how new technology could threaten their business, such as video on demand and the growth of cable television. In 1991, just three days after Time Warner had announced it would upgrade its cable system, Blockbuster's shares dropped more than 10 percent. In 1993, he made an attempt to expand into other areas by investing in Viacom . Huizenga also considered buying
10507-500: The entire Canadian unit. In September 2011, it was announced that Blockbuster and Dish Network would launch a new service called Blockbuster Movie Pass that would compete with Netflix. For US$ 10 per month the members would have access to both a streaming service and movies and games-by-mail. The package was only available for subscribers of Dish Network's pay-TV service, and it eventually folded. On January 13, 2012, Dish CEO Joe Clayton announced that while Dish had planned to keep 90% of
10640-616: The exclusive rental chain for new releases from WWE (World Wrestling Entertainment, formally WWF, World Wrestling Federation) , Funimation , Rhino , Paramount , DreamWorks , DWA , Universal , Lionsgate , Summit , Anchor Bay , Manga , The Weinstein Company , Dimension , Miramax , Hollywood , Touchstone , Disney , Buena Vista , 20th Century Fox , MGM / UA , Orion , Sony , Columbia , Tristar , Image , Shout! Factory , Warner Bros. , HBO , New Line Cinema and Allumination FilmWorks. As one commentator complained: Blockbuster
10773-536: The fifth-most diverse city in the United States in 2018. Indigenous tribes in North Texas included the Caddo , Tawakoni , Wichita , Kickapoo and Comanche . Spanish colonists claimed the territory of Texas in the 18th century as a part of the Viceroyalty of New Spain . Later, France also claimed the area but never established much settlement. In all, six flags have flown over the area preceding and during
10906-456: The film on tape at the much higher manufacturer's suggested retail price targeted at other rental chains and film enthusiasts, which at that time ranged between $ 70–$ 100 per title. Blockbuster stores followed a strategy of emphasizing access to the most popular new releases, obtaining early access and stocking many copies of the new-release titles, with a relatively narrower range of selections than traditional independent video stores. Much of
11039-560: The former Soviet Bloc . Included in this population are Russians , Russian Jews , Ukrainians , Belarusians , Moldavians , Uzbek , Kirghiz , and others. The Russian-speaking population of Dallas has continued to grow in the sector of "American husbands-Russian wives". Russian DFW has its own newspaper, The Dallas Telegraph . In addition, Dallas and its suburbs are home to a large number of Asian Americans including those of Indian , Vietnamese , Chinese , Korean , Filipino , Japanese , and other heritage. Among large-sized cities in
11172-539: The ground on a bluff located near three forks of the Trinity River and left. Two years later, in 1841, he returned to establish a permanent settlement named Dallas. The origin of the name is uncertain. The official historical marker states it was named after Vice President George M. Dallas of Philadelphia , Pennsylvania . However, this is disputed. Other potential theories for the origin include his brother, Commodore Alexander James Dallas , as well as brothers Walter R. Dallas and James R. Dallas. A further theory gives
11305-490: The highways throughout Texas. Springtime weather can be quite volatile , but temperatures themselves are mild. Late spring to early summer also tends to be the most humid, with humidity levels frequently exceeding 75%. The weather in Dallas is also generally pleasant from late September to early December and on many winter days. Autumn often brings more storms and tornado threats, but they are usually fewer and less severe than in spring. Each spring, cold fronts moving south from
11438-594: The hottest months, with an average high of 96.0 °F (36 °C ) and an average low of 76.7 °F (25 °C). Heat indices regularly surpass 105 °F (41 °C) due to elevated humidity during the summer months, making the summer heat almost unbearable. The all-time record high is 113 °F (45 °C), set on June 26 and 27, 1980 during the Heat Wave of 1980 at nearby Dallas/Fort Worth International Airport . Winters in Dallas are usually mild, with occasional cold spells. The average date of first frost
11571-607: 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 (including the Netflix streaming service), and Redbox automated kiosks. Significant loss of revenue occurred during the late 2000s, and the company filed for bankruptcy protection in 2010. The next year, its remaining 1,700 stores were bought by satellite television provider Dish Network , and by 2014,
11704-506: 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. When he realized the potential in video rentals, Cook abandoned the oil industry and began franchising the Blockbuster store. The first Blockbuster store opened on October 19, 1985, in Dallas , Texas, with an inventory of 8,000 VHS and 2,000 Beta tapes. The chain's name
11837-486: The largest ethnic group in the city proper, reflecting nationwide demographic trends. The Dallas area is a major living destination for Mexican Americans and other Hispanic and Latino American immigrants. The southwestern portion of the city, particularly Oak Cliff is chiefly inhabited by Hispanic and Latino American residents. The southeastern portion of the city Pleasant Grove is chiefly inhabited by African American and Hispanic or Latino American residents, while
11970-540: The last 300 company-owned stores were closed. Although corporate support for the brand ended, Dish retained a small number of franchise agreements, enabling some privately owned franchises to remain open. Following a series of further closures in 2019, only one franchised store remains open , located in Bend, Oregon , United States. Blockbuster's beginnings can be traced back to another company, Cook Data Services, founded by David Cook in 1978. The company's primary goal
12103-458: The last remaining store outside of the United States, located in Dargaville, New Zealand , closed its doors. The Bend location became the last remaining Blockbuster in the world; it serves as a tourist destination, housing Blockbuster memorabilia and Russell Crowe film props which John Oliver had donated to an Alaska store. In August 2020, the location was listed as an Airbnb rental for
12236-460: The middle of 2010. It has been claimed that more than 43 million U.S. households had Blockbuster memberships. On February 10, 2010, Blockbuster announced that it would cease all its operations in Portugal, closing down 17 outlets and leaving over 100 workers unemployed. Blockbuster representatives in Portugal blamed internet piracy and the lack of government response to it as the key factors to
12369-402: The most populous city in the Dallas–Fort Worth metroplex , the most populous metropolitan area in Texas and the fourth-most populous metropolitan area in the United States at 7.5 million people. It is the most populous city in and seat of Dallas County with portions extending into Collin , Denton , Kaufman , and Rockwall counties. With a 2020 census population of 1,304,379, it
12502-414: The new owner would honor those leases. Blockbuster signed a deal with ITV Studios Global Entertainment to launch ITV Programmes released on DVDs, Blu-rays, etc. On May 6, 2011, Keyes resigned as Blockbuster's CEO. Keyes was replaced by Michael Kelly under the new title of Blockbuster's president. On August 31, 2011, the liquidators announced the closure of the remaining 253 Canadian stores and shutting of
12635-481: The past 15 to 20 years had encouraged the horticulture of more cold-sensitive plants such as Washingtonia filifera and Washingtonia robusta palms , nearly all of which died off during the February 2021 North American winter storm . According to the American Lung Association , Dallas has the 12th highest air pollution among U.S. cities, ranking it behind Los Angeles and Houston . Much of
12768-589: The police killings of two black men from other states. The gunman, later identified as Micah Xavier Johnson, began firing at police officers at 8:58 p.m., killing five officers and injuring nine. Two bystanders were also injured. This marked the deadliest day for U.S. law enforcement since the September 11 attacks . Johnson told police during a standoff that he was upset about recent police shootings of black men and wanted to kill whites, especially white officers. After hours of negotiation failed, police resorted to
12901-413: The population were below the poverty line, including 33.6% of those under age 18 and 13.4% of those aged 65 or over. Per 2007's survey, the median price for a house was $ 129,600; by 2020, the median price for a house was valued at $ 252,300, with 54.4% of owner-occupied units from $ 50,000 to $ 299,999. The 2022 Point-In-Time Homeless Count found there were 4,410 homeless people in Dallas. According to
13034-440: The price of online DVD rentals and put an end to the free movie deal. As a consequence, Blockbuster Online's previously massive growth quickly stopped. Antioco's departure reportedly also involved continued controversy over his compensation. He left with a $ 24.7 million severance package. On June 19, 2007, after a pilot program launched in late 2006, Blockbuster announced that it had chosen Blu-ray over HD DVD format to rent in
13167-411: The rental fee, paying the other 40% to the studio, and reporting rental information through the global media measurement and research company Rentrak . In addition to benefiting from a lower initial price, Blockbuster also capitalized on the fact that movies were generally not available for purchase at affordable price points during initial release periods. Thus customers had a choice to rent, wait, or buy
13300-421: The second-most in Texas and fourth-most in the United States, and 11 of those companies are located within Dallas city limits. Over 41 colleges and universities are located within its metropolitan area, which is the most of any metropolitan area in Texas. The city has a population from a myriad of ethnic and religious backgrounds and is one of the largest LGBT communities in the U.S. WalletHub named Dallas
13433-460: The shelf space in the stores was devoted to popular titles that were placed relatively sparsely on the shelves with the entire front cover visible, so customers could browse casually and quickly, rather than having a more diverse selection with fewer copies of each title. Blockbuster sometimes contracted with studios to obtain earlier access to new titles than other companies could achieve. Examples of such contracts were those in which Blockbuster became
13566-447: The stores in operation, meaning around 15,000 employees would remain employed, because of market factors "there are ones that aren't going to make it. We will close unprofitable stores. We will close additional stores." Clayton did not say when these additional closings would happen and only remarked that some stores were unprofitable. The Dish chief would not say which stores the company was planning to close, but that each potential closing
13699-589: The time of its Chapter 11 filing, Blockbuster said it would keep its 3,300 stores open; however, that December it announced it would close an additional 182 stores by the end of April 2011 in attempts to emerge from bankruptcy. It was reported in February 2011 that Blockbuster and its creditors had not come up with a Chapter 11 exit plan and that the company would be sold for $ 300 million (~$ 401 million in 2023) or more, along with taking over debts and leases. Blockbuster admitted that it might not be able to meet financial obligations required under its Chapter 11 filing,
13832-405: The transaction, Blockbuster GB rebranded the stores as Blockbuster. On February 17, 2008, Blockbuster proposed a buyout of struggling Circuit City . However, following a due diligence review of Circuit City's financial books, Blockbuster withdrew its offer in July 2008. Analysts were not favorable to the proposed deal, viewing it as a desperate effort to save two struggling retailers rather than
13965-468: The ultimate origin as the village of Dallas, Moray , Scotland, similar to the way Houston , Texas, was named after Sam Houston , whose ancestors came from the Scottish village of Houston, Renfrewshire . The Republic of Texas was annexed by the United States in 1845 and Dallas County was established the following year. Dallas was formally incorporated as a city on February 2, 1856. In the mid-1800s,
14098-527: The way for future video game rental. Blockbuster sponsored the Blockbuster Bowl in American football , which began in 1990 and was played at Joe Robbie Stadium outside Miami . The first three editions were played under that name before Blockbuster withdrew its sponsorship. In 1990, Blockbuster bought mid-Atlantic rival Erol's which had more than 250 stores. In 1992, Blockbuster acquired
14231-480: The west in Tarrant County surrounding Fort Worth, as well as along Turtle Creek north of Downtown. Dallas, like many other cities, was founded along a river. The city was founded at the location of a "white rock crossing" of the Trinity River, where it was easier for wagons to cross the river in the days before ferries or bridges. The Trinity River, though not usefully navigable, is the major waterway through
14364-594: The west of the city is Mountain Creek Lake , once home to the Naval Air Station Dallas ( Hensley Field ) and a number of defense aircraft manufacturers. North Lake , a small body of water in an extension of the city limits surrounded by Irving and Coppell , initially served as a water source for a nearby power plant but is now being targeted for redevelopment as a recreational lake due to its proximity to Dallas/Fort Worth International Airport ,
14497-483: The world. White Rock Lake and Joe Pool Lake are reservoirs that comprise Dallas's other significant water features. Built at the beginning of the 20th century, White Rock Lake Park is a popular destination for boaters, rowers, joggers, and bikers, as well as visitors seeking peaceful respite from the city at the 66-acre (267,000 m ) Dallas Arboretum and Botanical Garden , on the lake's eastern shore. White Rock Creek feeds into White Rock Lake and then exits into
14630-518: Was 11.2 inches (28 cm) on February 11, 2010. Dallas is the ninth-most-populous city in the United States and third in Texas after the cities of Houston and San Antonio . Its metropolitan area encompasses one-quarter of the population of Texas, and is the largest in the Southern U.S. and Texas followed by the Greater Houston metropolitan area . At the 2020 United States census
14763-484: Was 2.52 and the average family size was 3.41. In 2018, the owner-occupied housing rate was 40.2% and the renter-occupied housing rate was 59.8%. At the 2010 census, the city's age distribution of the population showed 26.5% under the age of 18 and 8.8% who were 65 years of age or older. The median age was 31.8 years. In 2010, 50.0% of the population was male and 50.0% was female. In 2020, the median age 32.9 years; for every 100 females, there were 98.4 males. According to
14896-476: Was Black or African American, 0.7% American Indian and Alaska Native , 2.9% Asian, and 2.6% from two or more races ; 42.4% of the total population was of Hispanic or Latino American origin (they may be of any race). At the U.S. Census Bureau 's 2019 estimates, 29.1% were non-Hispanic White 24.3% Black and African American, 0.3% American Indian or Alaska Native, 3.7% Asian, and 1.4% from two or more races. Native Hawaiian and other Pacific Islanders made up
15029-632: Was again renamed, as the Freedom Mortgage Pavilion. The year-round facility serves as a 25,488 capacity outdoor amphitheater during the summer months which features a lawn with video screens, computerized sound enhancement, and a clear view of the Philadelphia skyline, Delaware River , and the Benjamin Franklin Bridge to the northwest. In the fall and winter months, the Freedom Mortgage Pavilion converts to
15162-608: Was among the first skyscrapers west of the Mississippi and the tallest building in Texas for some time. It marked the prominence of Dallas as a city. A racetrack for thoroughbreds was built and their owners established the Dallas Jockey Club. Trotters raced at a track in Fort Worth, where a similar drivers club was based. The rapid expansion of population increased competition for jobs and housing. In 1910,
15295-427: Was an "entertainment complex" aimed at adults, containing eight themed areas housing a restaurant, games, laser tag arena, and motion simulator rides, and was housed in a windowless building the size of a city block. During the 1990s Blockbuster expanded in the United Kingdom, purchasing the country's Ritz Video chain. The stores were rebranded to Blockbuster. The original Blockbuster company, Blockbuster Video Inc.,
15428-435: Was an American multimedia brand. The business was founded by David Cook in 1985 as a single home video rental shop , but later became a public store chain featuring video game rentals, DVD-by-mail , streaming , video on demand , and cinema theater. The company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster employed 84,300 people worldwide and operated 9,094 stores. Poor leadership and
15561-491: Was attributed to poor leadership according to others in the industry. Franchise owner Ken Tisher said in 2015, "Blockbuster, if it isn't already, is going to go into the Harvard Business Review for how not to run a business, or how to run a business into the ground." Keith Hoogland, owner of Family Video , attributed poor decision-making as a primary reason the company did not survive. Jonathan Salem Baskin,
15694-478: Was begun in the early 2000s. The project area reaches for over 20 miles (32 km) in length within the city, while the overall geographical land area addressed by the Land Use Plan is approximately 44,000 acres (180 km ) in size—about 20% of the land area in Dallas. Green space along the river encompasses approximately 10,000 acres (40 km ), making it one of the largest and diverse urban parks in
15827-408: Was historically predominantly White (non-Hispanic Whites made up 82.8% of the population in 1930), but its population has diversified due to immigration and white flight over the 20th century. Since then, the non-Hispanic White population has declined to less than one-third of the city's population. According to the 2010 U.S. census, 50.7% of the population was White (28.8% non-Hispanic White), 24.8%
15960-418: Was later merged into Blockbuster, Inc. In June 1997, Taco Bell president John Antioco resigned from the company to become CEO of Blockbuster. Also that year, Warner Bros. offered Antioco an exclusive rental deal, seeing as DVDs were emerging as the new home video medium. Blockbuster was to have rights to rent new DVD releases for a period of time before they went on sale to the general public. The studio
16093-568: Was merged into the parent company Blockbuster Entertainment Inc. which had earlier replaced the Blockbuster Entertainment Company. In 1996, Blockbuster Entertainment Inc. merged into a new Blockbuster Entertainment Corporation and the retail stores, then called Blockbuster Video, were renamed Blockbuster. The logo changed slightly, but retained the ITC Machine font. In November 1996 Blockbuster confirmed that it
16226-482: Was moving its headquarters from Fort Lauderdale, Florida , to the Renaissance Tower in downtown Dallas . Most of the workers at the Florida headquarters did not want to relocate, so Blockbuster planned to hire around 500 to 600 new employees for its Dallas headquarters. The company had offered various relocation packages to all of its Fort Lauderdale staff. The second Blockbuster Entertainment Corporation
16359-543: Was no longer available to provide supplies of branded products, forcing franchisees to design and produce their own. Additional store closures continued. By January 2018, the company's website listed nine remaining franchise-owned stores in the United States, including six in Alaska, two in Oregon, and one in Texas. Eight of those nine had closed by August 2018, leaving only one store in Bend, Oregon . In January 2020,
16492-416: Was once an area characterized by high rates of poverty and crime is now one of the city's most attractive social and living destinations. Further east, in the southeast quadrant of the city, is the large neighborhood of Pleasant Grove . Once an independent city, it is a collection of mostly lower-income residential areas stretching to Seagoville in the southeast. Though a city neighborhood, Pleasant Grove
16625-430: Was once an unstoppable giant whose franchises swept across the country putting mom and pop video stores out of business left and right by offering a larger selection of new releases, pricing them at a lower point due to the volume they worked in... Gone were the fragmented, independently owned shops that were often unorganized treasure troves of VHS discoveries. In their place were walls of new releases: hundreds of copies of
16758-616: Was planning to file a pre-packaged Chapter 11 bankruptcy in mid-September. In light of this news, the company's chief financial officer (CFO), Tom Casey, resigned on September 11. He was replaced by Dennis McGill, formerly CFO of Safety-Kleen Systems, Inc. On September 23, 2010, Blockbuster filed for Chapter 11 bankruptcy protection due to challenging losses, $ 900 million (~$ 1.29 billion in 2024) in debt, and strong competition from Netflix , Redbox , and video on-demand services. Movie Gallery/Hollywood Video had filed for Chapter 7 bankruptcy liquidation earlier in 2010 for similar reasons. At
16891-477: Was rerouted in the late 1920s, the river has been little more than a drainage ditch within a floodplain for several miles above and below Downtown, with a more normal course further upstream and downstream, but as Dallas began shifting towards postindustrial society, public outcry about the lack of aesthetic and recreational use of the river ultimately gave way to the Trinity River Project , which
17024-446: Was spun-off from Viacom. Online DVD subscriptions were introduced on Blockbuster.com, also known as Blockbuster Online. Blockbuster also rolled out its "Game Rush" store-in-store concept to approximately 450 domestic company-operated stores. Blockbuster began game and DVD trading in selected U.S. stores. At its peak in 2004, Blockbuster had more than 9,000 stores worldwide. In December 2004, Blockbuster announced its intention to pursue
17157-495: Was subsequently purchased by Trans World Entertainment in 2003. In mid-2000, the company partnered with Enron in an attempt to create a video-on-demand service. The agreement was supposed to last for 20 years; however, Enron terminated the deal in March 2001 over fears that Blockbuster would not be able to provide sufficient films for the service ( Enron also filed for bankruptcy that year ). Also in 2000, Blockbuster turned down
17290-578: Was then traded on the OTCBB (over-the-counter bulletin board). Blockbuster was unable to make a $ 42.4 million (~$ 61.2 million in 2024) interest payment to bondholders and was given until August 13, 2010, to pay off the debt. The company hired Jeff Stegenga to be its chief restructuring officer (CRO) in an effort to satisfy bondholder demands and recapitalize the company. After failing to pay on August 13, bondholders gave Blockbuster until September 30, 2010. On August 26, 2010, news media reported that Blockbuster
17423-457: Was to be assessed on a "case by case basis". On October 4, 2012, Dish Network announced that it was scrapping plans to make Blockbuster into a Netflix competitor. On January 16, 2013, Blockbuster UK entered into administration and Deloitte was appointed to run the business while trying to find a buyer while some of the stores remained open. Between November 6, 2013, and January 12, 2014, all 300 remaining corporate-owned Blockbuster stores in
17556-451: Was to receive 40% of rental revenues in return, which was the same deal already in place for VHS rentals. Blockbuster turned the offer down, and the studio responded by lowering its DVD wholesale price in order to compete with the rental industry. Walmart seized the opportunity and in a few years surpassed Blockbuster as the studios' single largest source of revenue. Other mass retailers soon followed suit, selling DVDs below wholesale price as
17689-475: Was to supply software services to the oil and gas industries throughout Texas , but it was very unsuccessful. Sandy Cook, David's wife, wanted to get into the video business, and her husband would soon study the industry and future prospects. Using profit he made from the sale of David P. Cook & Associates, the subsidiary of his company, he decided to buy into a video store franchise in Dallas known as Video Works. When Video Works would not allow him to decorate
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