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Blockbuster LLC
Blockbuster or Blockbuster Video is an American multimedia brand which was founded by David Cook in 1985 as a Small business, single home video video rental shop, rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming media, 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 the impact of the Great Recession were major factors leading to Blockbuster's decline, as was the growing competition from Netflix, Inc., 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; by 2014, the last 300 comp ...
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Clermont, Florida
Clermont is the most populous city in Lake County, Florida, Lake County, within the U.S. state of Florida. The population was 43,021 in 2020. It is about west of Orlando, Florida, Orlando and southeast of Leesburg, Florida, Leesburg. The city is largely residential in character and its economy is centered in retail trade, lodging, and tourism-oriented restaurants and bars. It is part of the Greater Orlando, Orlando–Kissimmee–Sanford Metropolitan Statistical Area. Clermont is home to the 1956 Florida Citrus Tower, one of Florida's early landmarks. History Before European colonization and Settler colonialism, settlement, the area which is today Clermont was originally inhabited by the indigenous Timucua, Timucua people. Urriparacoxi was reportedly a chieftain in the area during the 1539-40 Hernando de Soto, Hernando de Soto expeditions. The population of the Timucua were whittled by epidemics of infectious diseases introduced by Europeans, then by attacks and slave raids ...
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Streaming Media
Streaming media refers to multimedia delivered through a Computer network, network for playback using a Media player (other), media player. Media is transferred in a ''stream'' of Network packet, packets from a Server (computing), server to a client-server model, client and is rendered in real-time; this contrasts with file downloading, a process in which the end-user obtains an entire media file before consuming the content. Streaming is more commonly used for video on demand, streaming television, and music streaming services over the Internet. While streaming is most commonly associated with multimedia from a remote server over the Internet, it also includes offline multimedia between devices on a local area network. For example, using DLNA and a home server, or in a personal area network between two devices using Bluetooth (which uses radio waves rather than Internet Protocol, IP). Online streaming was initially popularized by RealNetworks and Microsoft in the 1 ...
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GameStop Short Squeeze
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other Security (finance), securities took place, causing major financial consequences for certain hedge funds and large losses for Short (finance), short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. The short squeeze was initially and primarily triggered by users of the subreddit r/wallstreetbets, an Internet forum on the social news website Reddit, although a number of hedge funds also participated. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a Pre-market and after-hours trading, pre-market value of over United States dollar, US$500 per Share (finance), share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. The price of many other heavily shorted securities a ...
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Anchorage Daily News
The ''Anchorage Daily News'' is a daily newspaper published by the Binkley Co., and based in Anchorage, Alaska. It is the most widely read newspaper and news website (adn.com) in the state of Alaska. The newspaper is headquartered in Anchorage, with bureaus in Wasilla and Juneau. History Early history The ''Anchorage Daily News'' was born as the weekly ''Anchorage News'', publishing its first issue January 13, 1946. The paper's founder and first publisher was Norman C. Brown. The early president of the paper's parent company was Harry J. Hill, who was also assistant treasurer of The Lathrop Company. This established the theory that Cap Lathrop was really behind the publication, but didn't wish to have his name formally associated with it, unlike his other newspapers such as the '' Fairbanks Daily News-Miner''. Brown did share Lathrop's views on the statehood issue. Brown became a leader in the short-lived mid-1950s movement to turn Alaska into a commonwealth rather than a st ...
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NBC News
NBC News is the news division of the American broadcast television network NBC. The division operates under NBCUniversal Media Group, a division of NBCUniversal, which is itself a subsidiary of Comcast. The news division's various operations report to the president of NBC News, Rebecca Blumenstein. The NBCUniversal News Group also comprises MSNBC, the network's 24-hour liberal cable news channel, as well as business and consumer news channels CNBC and CNBC World, the Spanish language and United Kingdom-based Sky News. NBC News aired the first regularly scheduled news program in American broadcast television history on February 21, 1940. The group's broadcasts are produced and aired from 30 Rockefeller Plaza, NBCUl's headquarters in New York City. The division presides over the flagship evening newscast ''NBC Nightly News'', the world's first of its genre morning television program, ''Today (American TV program), Today'', and the longest-running television series in American hi ...
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Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of newspapers in the United States, sixth-largest newspaper in the U.S. and the largest in the Western United States with a print circulation of 118,760. It has 500,000 online subscribers, the fifth-largest among U.S. newspapers. Owned by Patrick Soon-Shiong and published by California Times, the paper has won over 40 Pulitzer Prizes since its founding. In the 19th century, the paper developed a reputation for civic boosterism and opposition to Trade union, labor unions, the latter of which led to the Los Angeles Times bombing, bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. As with other regional newspapers in California and the United Sta ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Redbox
Redbox Automated Retail, LLC was an American video rental and streaming media company, based in Oakbrook Terrace, Illinois west of Chicago. Redbox specialized in automated DVD rental kiosks, and operated transactional and ad-supported streaming video and television services. From 2022 until its liquidation, Redbox was a wholly owned subsidiary of Chicken Soup for the Soul Entertainment. Redbox kiosks, which rented and sold films on DVD and Blu-ray, were located at retail stores, including convenience stores, supermarkets, and pharmacies. At its peak in the early 2010s, the company operated kiosks at more than 34,000 locations, and controlled more than half of the US DVD rental market. In June 2024, Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy; the following month, the company’s case was converted to Chapter 7 liquidation. As part of ongoing liquidation proceedings, Redbox’s online streaming services and mobile app ceased functioning in July 20 ...
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Netflix, Inc
Netflix, Inc. is an American media conglomerate, media company founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, and currently based in Los Gatos, California, with production offices and stages at the Los Angeles-based Netflix Hollywood Studios, Hollywood studios (formerly old Warner Brothers studios) and the Netflix Albuquerque Studios, Albuquerque Studios (formerly ABQ studios). It owns and operates Netflix, an eponymous over-the-top media service, over-the-top video on demand#Subscription models, subscription video on-demand service, which showcases acquired and List of Netflix original programming, original programming as well as third-party content licensed from other production company, production companies and distributors. Netflix is also the first streaming media company to be a member of the Motion Picture Association. Netflix initially both sold and rented DVDs DVD-by-mail, by mail, but the sales were eliminated within a year to focus on ...
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Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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WordPress
WordPress (WP, or WordPress.org) is a web content management system. It was originally created as a tool to publish blogs but has evolved to support publishing other web content, including more traditional websites, electronic mailing list, mailing lists, Internet forum, Internet forums, media galleries, membership sites, learning management systems, and shopping cart software, online stores. Available as free and open-source software, free and open-source software, WordPress is among the most popular content management systems – it was used by 22.52% of the top one million websites . WordPress is written in the PHP programming language and paired with a MySQL or MariaDB database. Features include a plug-in (computing), plugin architecture and a web template system, template system, referred to within WordPress as "Themes". To function, WordPress has to be installed on a web server, either as part of an Internet hosting service or on a personal computer. WordPress was first ...
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