Blockbuster planning to buy Netflix, Squid Game

As a former multiple-franchiser owner, Alan Payne is familiar with Blockbuster; he had owned over 40 stores in Alaska and Texas.

“I put together the money and bought the stores in early 2000 and that’s when I became a franchise owner. … We built up a relatively good-sized infrastructure to run a company of that size,” he said.

Early on, however, Payne said he noticed issues with how the company had been operating.

At its peak, there were over 9,000 Blockbuster stores around the world and many of the stores were corporately owned.

“There were about 5,000 Blockbuster stores in [the U.S.], and about 1,200 of those were franchise owned,” he said.

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