Alan Payne is the man who built the longest-lasting Blockbuster franchise chain in the country, the author of an Amazon Best-Seller, Built to Fail: The Inside Story of Blockbuster's Inevitable Bust, and was recently featured on the Netflix film, The Last Blockbuster.
During this episode, Alan discusses his upbringing in Breckenridge, Texas until graduating from Texas Tech. What did he do to get an interview at H-E-B? How did he get into the video business?
Then Alan starts to take us through the downfall of Blockbuster Video.What happened when Blockbuster passed on a chance to buy Video Central, which was eventually sold to Hollywood Video? What did Video Central and Hollywood Video do differently to out-perform Blockbuster? What brought Alan to Blockbuster? He also takes us behind the scenes through the various leaders at Blockbuster and how their “If it’s not invented here, we’re not interested” mentality hindered their success.
As Alan mentions in his book, “Netflix didn’t kill Blockbuster, Blockbuster killed Blockbuster.” What happened when Blockbuster had a chance to purchase Netflix? Where is the Russell Crowe memorabilia, and how did it feel to close his final stores in Alaska?
Alan also talks about the Last Blockbuster film on Netflix, Buc ee’s, the Blockbuster World theme park, and much more in this Business 101 episode of the Shadows Podcast.
Grab a copy of Alan’s Amazon Best-Seller, Built to Fail: The Inside Story of Blockbuster’s
Inevitable Bust at https://www.amazon.com/Built-Fail-Inside-Blockbusters-Inevitable/dp/1544517769
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