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| Topic: |
Science
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| Number of pages / Number of words: |
7 / 1830 |
Essay's paper body
Blockbuster ran into liquidity problems, and ended the year with a $3.2 million loss. In February of 1987, the need for additional capital lead Cook to sell a one-third stake in the company to a group of investors lead by Wayne Huizenga. In exchange, this infused Blockbuster with $18.6 million to fund Cook’s vision...
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In return, Cook was forced to turn over future control of the company, and he left the company altogether by April. With Huizenga now in control, Blockbuster set out on a rapid expansion program, with a goal to maintain a 60/40 mix in favor of corporate versus franchised owned locations. Additionally, Blockbuster’s headquarters was moved to Fort Lauderdale, Florida...
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General points of the essay
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