3 ms·
What? Blockbuster operated under a franchise model. They didn't borrow money to open stores—it was local "mom and pops" doing that.
by jdxcode 6y ago
What? Blockbuster operated under a franchise model. They didn't borrow money to open stores—it was local "mom and pops" doing that.
- dragonwriter 6y ago> Blockbuster operated under a franchise model. Blockbuster had franchises but for most of it's dominant phase also had a large number of corporate stores (some of which originated with one of the several competing chains that it bought outright.)
- Gibbon1 6y agoI could misremember but that's what I remembered seeing. They took on debt to expand but never reaped enough monopoly benefits to pay of the rolling short term debt they accrued.