Business: Blockbuster Music
History: Blockbuster acquires Sound Warehouse and Music Plus chains to create Blockbuster Music stores.
What Happened?: Wherehouse Entertainment announced that it will purchase Blockbuster Music from Viacom Inc. for $115 million. The merged operation will have 598 stores throughout North America, second only to Minnesota-based Musicland. The deal comes at the end of a prolonged slump for the music industry, one that was particularly hard for Blockbuster.