Blockbuster's Legacy: The Impact of a Cultural Phenomenon

The first Blockbuster store opened on October 19, 1985, in Dallas, Texas, with an inventory of 8,000 VHS and 2,000 Beta tapes.[24][25][26] The chain's name is derived from the term blockbuster, a Hollywood term for a successful film, or in literature terminology, a best-selling novel. Cook's experience with managing huge databases proved helpful in driving innovation within the industry.[3] Following early success from the company's first stores, Cook built a $6-million warehouse in Garland, Texas, to help sustain and support future growth that allowed new stores to open quickly.[3] Blockbuster would often custom-tailor a store's inventory to its neighborhood, based on local demographics.[3]

In December 2002 the first Blockbuster store opened in Norway, and was followed by another store some months later in 2003, both located in Oslo. The hope was to acquire an already existing video chain. When that failed, it was made an attempt to build a Norwegian blockbuster chain from scratch. But both stores closed in the spring of 2004.[203]

blockbuster

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Talks had progressed and stalled, and the Suns appeared to be pivoting toward a three-way deal that might've landed them Atlanta's John Collins sometime Thursday morning, sources said. On the direction of his new owner, Mat Ishbia, general manager James Jones texted Nets GM Sean Marks sometime after 11 p.m. ET -- and it wouldn't be long until Ishbia and Nets owner Joe Tsai had cobbled together the final elements of the blockbuster trade, sources said.

"We expect to start 30 phase three clinical trials this year, of which we expect to hopefully land more than 10 products that will be blockbuster products, or products that will hopefully achieve more than a billion in revenue," Chief Financial Officer Aradhana Sarin told CNBC's "Squawk Box Europe" Thursday.

Blockbuster drugs are those that generate at least $1 billion in revenue a year for the pharmaceutical companies that produce them. While it's true that many pharmaceutical companies are extremely profitable, there's also a lot of time, work, and money that goes into the development of new drugs. That's why certain breakthrough drugs are a real reason for pharma companies and their investors to celebrate -- especially those that wind up being blockbusters. The problem, however, is that due to patent laws, the success of blockbuster drugs is often short-lived.

Blockbuster drugs are those that are typically used to treat chronic or long-term medical problems, as opposed to acute or short-term conditions. Common examples of blockbuster drugs include medications for diabetes, cholesterol, high blood pressure, and cancer. Part of the success of these drugs stems from the fact that they're needed over a long period of time, and that they play a key role in helping doctors manage their patients' conditions.

Cimetidine (marketed as Tagamet), a heartburn and stomach acid treatment, was the first drug to generate over $1 billion a year in sales and, as such, has gone down in history as the first ever blockbuster drug on the market. It has since been joined by popular drugs such as Lipitor, which treats high cholesterol, Advair, an asthma treatment, and Nexium, which treats gastroesophageal reflux disease (GERD ).

Pharmaceutical companies rely heavily on blockbuster drugs to bring in profits. The problem, however, is that when a blockbuster drug's patent expires, the company behind it can start to see a major dip in revenue.

Once a drug's patent expires, competitors can introduce generic versions to the market at lower prices, thus leading to a major loss in market share for the original developer. One such example is Pfizer. When its blockbuster drug Lipitor lost its patent protection in 2011, sales dropped over 90%, and Pfizer has yet to recover since.

Another problem with blockbuster drugs is that companies rely on them heavily to generate revenue, so when a blockbuster product fails, it can spell disaster. If a blockbuster drug is discovered to have major side effects or is subjected to a recall, the financial losses can be catastrophic. In fact, any sort of blockbuster drug scandal can cause pharmaceutical companies and their investors to lose millions overnight. For this reason, pharma companies often aim to develop a diverse and successful array of products rather than rely on one or two blockbuster drugs to keep themselves profitable.

The Phoenix Suns pulled a midnight blockbuster on Wednesday, acquiring 13-time All-Star Kevin Durant from the Brooklyn Nets, according to multiple reports. The outlets, citing unnamed sources, said the Suns added Durant to a starting lineup that already includes an All-Star backcourt of Chris Paul and Devin Booker, along with center Deandre Ayton.

We are a smaller township that plows 75 miles of road in upstate New York and are very pleased with the product. Our oldest blockbuster system has been on the plow for seven seasons. We plow chip seal, blacktop and a few dirt roads, strongly recommend theses edges.

Similarly, the High Museum dramatically improved its community resonance by shifting its programming away from blockbuster exhibitions, marketing the museum as a commons for activity rather than a cathedral of objects, diversifying its staff (including, crucially, at the docent level), and adjusting its admissions fees (though not quite in the way you might think). The result? A tripling of its nonwhite audience between 2015 and the close of 2017. 2ff7e9595c