![]() In retrospect it is a bit amusing to see two companies that now no longer exist trying to outsmart each other for rights to companies that ended up defunct. ![]() This effectively became a trade in which Blockbuster took over 50.1% of Discovery Zone giving them controlling share over the company. In 1994, making a big move which ultimately led to a power structure shift, Discovery Zone bought 57 Blockbuster stores from their investor in addition to purchasing 45 Leaps and Bounds from Mcdonald’s. There actually is more to it than being some of the most classic relics of 90s nostalgia. Many people remember Leaps and Bounds, Mcdonald’s, and Blockbusters somehow being connected to Discovery Zone but might not remember the exact connection. ![]() A lot more money was raised independently by Discovery Zone over the following years until they eventually merged with one of their largest investors, Blockbuster and their eventual subsidiary, Viacom. In 1993, Blockbuster invested the sum of $10.3 million dollars into Discovery Zone which gave them an initial ownership percentage of 21%. Kansas City, Missouri was the site of the first location and the chain grew quickly. David Schoenstadt moved full ownership of Discovery Zone to Blockbuster and its subsidiary Viacom in 1995 they held control until Chuck E Cheese took ownership in 1999. Becoming founding members in 1989, Ronald Matsch, Jim Jorgensen, and Dr. The history of the founding and ownership of DZ is a somewhat complicated one for its relatively short lifespan yet the answer to who owned this warehouse of fun can be answered simply.
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