Streaming killed the video star.
Blockbuster Video had a relatively quick ascent to dominance, and an equally quick fall. The video rental chain went public in 1986, just a year after its founding, and by 2002 had a market value of $5 billion.
Between 2003 and 2005 the video rental chain lost nearly three-quarters of its market share, according to Yahoo Finance calculations. Analysts attributed the chain's downfall to competitors that didn't charge late fees, such as Netflix and Redbox.
Activist investor Carl Icahn waged a successful proxy battle in 2005 but was never successful in his push to save the company.
Blockbuster filed for Chapter 11 bankruptcy in September 2010.
DISH Network bought Blockbuster for $320 million in bankruptcy auction proceedings, eventually closing all remaining locations. It still offers Blockbuster @Home streaming services for subscribers.