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
This July 23, 2006 file photo shows customers enter a Blockbuster video store in Dallas.   (AP Photo/Ron Heflin, File)

(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.

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Showing 3 of 18 comments
keepalowprofile
Jan 23, 2013 6:29 AM CST
Very smart of Dish network to buy blockbusters and then close stores. BUT, I gave them both up years ago. Red box and netflix for me.
AnimeOtaku
Jan 23, 2013 5:06 AM CST
It's about time Blockbuster realized it was time to "Give up the ghost" and go the way of the VHS tape and Betamax,so to speak.
Bieberforpres2016
Jan 22, 2013 8:17 PM CST
3,000 more unemployed idiots with sleeve tattoos, pierced noses, and zero skill entering the job market. Good luck.