The following is adapted from the book "Built to Fail: The Inside Story of Blockbuster’s Inevitable Bust." Blockbuster was built by one of the most successful entrepreneurs in history, Wayne Huizenga. Before turning it into...
Alan Payne spent 31 years in the movie rental business, the last 25 of those as a Blockbuster retail franchisee. He took over a small group of Blockbuster stores in 1993 and grew it into one of the largest and most successful chains in the company. He finally closed his last store in 2018, more than eight years after Blockbuster filed for bankruptcy.