Looking at the statement of cash flows on the 10-Q, Blockbuster is actually using up more money to operate than not to operate as evidenced in the large amount of cash used (not provided, used) in operating activities. It is clear that Blockbuster does not know what is good for it and just continues to stand around lifelessly until somebody finally kills it and puts it out of its misery. There’s no reviving this company and anyone that continues to support it is delusional.

So Huizenga, with help from Melk and other pals, bought control of the whole company –which then was known as Blockbuster Video and owned only eight stores, with 11 more franchised — for $18 million. On April 27, 1989, Blockbuster was listed on the New York Stock Exchange – the second such company Wayne Huizenga brought to the New York Stock Exchange.12 Waste Management began trading shares on the NYSE on October 25, 1973 On September 29, 1994, at the last Blockbuster’s shareholders meeting, H. Wayne Huizenga tearfully stepped down as chairman of Blockbuster Video after they had merged with Viacom, Inc. He did not want to be second in command to anyone, including Sumner Redstone who was the chairman of Viacom. During his reign at Blockbuster over the seven years, he had built the company from $7 million into $4 billion Blockbuster was able to add a store every 17 hours on average between 1988 and 1994, absorbing many acquisitions