0
For the most part, the shareholders own Blockbuster Video, or BBI.
The majority share holder as of at least 2008 was Carl Icahn, with about 9 million shares. In 2005 he decided to earn a seat on the board, as well as with two others, at Blockbuster vVideo. At one point held $134,000,000, at the least, in assets of the company and consisted of under 2% of his portfolio.
Carl Icahn is a billionaire investor and also at one point owned at least 10% of Hollywood Video's shares, a competitor of Blockbuster Video. After joining the board at BBI, he argued for selling off the company and cash in, which did not happen. Later, he fought to buy the Hollywood Video rental chain in hopes of merging the two companies and destroying the competition. The bid fell through and Hollywood Video was later bought by another company. Late last year, Icahn was eagerly attempting to buy troubled retailer Circut City, which within 6 months later went bankrupt and liquidated. Hoping Blockbuster an Circut City would be able to merge together as a retail/rental business, gaining profits from selling higher end electronics with their higher definition rentals.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Who owns Blockbuster do they own other companies?
Wayne Huizenga
Who owns IKEA franchise?
Ingvar Kamprad
Businesses in which a person owns and runs one or several stores of a chain operation?
franchise
How can I turn my business into a franchise?
The following link, http://www.ifranchisegroup.com should be able to help you. They offer a free video that will show you what you need to do in order to franchise your business.
Who owns the rights to the killer instinct franchise?
Rare owns the rights for Killer InstinctMicrosoft owns Rare it's quoted in numerous articles. Netherealm wants to get their hands on the rights for Killer Instinct as we speak very interesting I'm still researching but that is your answer.
What is the phone number for Blockbuster Video in Casper WY?
Blockbuster Video (307) 266-9128
Where are some locations for Blockbuster?
There are many cities that have Blockbuster Video available for video rentals. Edmonton, Alberta and Calgary, Alberta have Blockbuster in several locations. One thing to note is that Blockbuster is closing many of its locations because of the advent of Netflix and other online video options. The lost cost of videos, DVDs and BlueRay are also reducing video rentals.
What is the ticker symbol for Blockbuster Video?
The ticker symbol for Blockbuster Video is BBI and it is traded on the New York Stock Exchange.
Who owns Blockbuster do they own other companies?
Wayne Huizenga
Where was the first Blockbuster Video located?
The first Blockbuster Video store was located in the city of Dallas, Texas. This store was opened in October of 1985.
When was blockbuster found?
Blockbuster Inc., the video game and DVD rental chain, was founded in 1985.
Does blockbuster do video game rentals?
yes it does. :-)
What is the average blockbuster video store managers salary?
I managed a Blockbuster Video in Louisville, KY 5 years ago and made $35,000 year.
Where can someone find a Blockbuster Video store?
You can find a Blockbuster Video Store by going online to the Blockbuster website. Enter a street address, city and state or zip code and click Find Stores and the results will show you exactly to your specifications where a Blockbuster Store is located.
Who owns IKEA franchise?
Ingvar Kamprad
When was Blockbuster first opened?
At the 19th of October the first Blockbuster video rental store was opened. Blockbuster was founded David Cook this happened in Dallas Texas and Blockbuster opened with 8000 videos.
Who owns doctors associates inc?
Doctor's Associates is the company that owns the Subway Franchise.
