Monday, November 17, 2008

Memory Lane Monday: Blockbuster Music

Business: Blockbuster Music
Timeline: 1992-1998
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.

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