38% of Remaining Blockbusters to Close

With 3K employees getting the ax

By Kate Seamons,  Newser Staff

Posted Jan 22, 2013 7:03 AM CST

(Newser) – The latest news for Blockbuster is more of the same: Bad. Some 300 of the remaining 800 Blockbusters operating in the US are to be closed, Dish Network announced yesterday. That company acquired the floundering video-rental chain in 2011, and shuttered 500 stores last year. The latest round of closures will see about 3,000 workers lose their jobs, and target poor-performing locations and those approaching the end of their lease, reports the Denver Post. Dish "continues to see value in the Blockbuster brand, and we continue to analyze the store-level profitability," says a Dish spokesman. Click for more on Blockbuster's woes.

This July 23, 2006 file photo shows customers enter a Blockbuster video store in Dallas.
This July 23, 2006 file photo shows customers enter a Blockbuster video store in Dallas.   (AP Photo/Ron Heflin, File)
Blockbuster Video ... closed.
Blockbuster Video ... closed.   (©)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
12%
8%
64%
7%
4%
5%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment