In Fairbanks, the Blockbuster
store was a neighbourhood staple for many people who could not afford internet or cable, Kelli Vey, the store's manager, said.
struggled to adapt to the changing market and rivalry from internet retailers including Netflix and LoveFilm.
brand will be licensed from US based Blockbuster
Mr Manning said: "In recent years Blockbuster
has faced increased competition from internet-based providers along with the shift to digital streaming of movies and games.
Deloitte stressed Blockbuster
's core business - which still has two million active members - was profitable and they would keep all 528 stores open while seeking a buyer.
"During this time, gift cards and credit acquired through Blockbuster
's trade-in scheme will be honoured towards the purchase of goods."
Professor Ajay Bhalla, at Cass Business School in London, said the administration of Blockbuster
is "yet another harsh reminder of the fast-changing retail environment".
Analysis by retail research body The Local Data Company showed that more than 1,400 shop units have closed or are at risk of closure following the demise of major names such as Stead & Simpson, Jessops, Comet, HMV and Blockbuster
in recent weeks.
(www.frankmayer.com) has partnered with BLOCKBUSTER
L.L.C., a world leader in home entertainment, to develop a custom category signage program for Blockbuster
has launched a video streaming service for Dish Network satellite subscribers.
THE UK arm of DVD and games rental company Blockbuster
has unexpectedly recorded an annual profit after its US parent filed for bankruptcy.
The following excerpt is from a 1995 SUCCESS feature written after the sale of Blockbuster
before he founded AutoNation.