tv.broadwayworld.com

Blockbuster Set to Close an Additional 300 Stores

January 21
8:36 2013

Blocbuster-Set-to-Close-an-Additional-300-Stores-20130121

Following the increasing trend of online video services, Blockbuster has announced that they will be closing an additional 300 U.S. stores in 2013.

DISH Network spokesman John Hall made the announcement on the company's downsizing today, proving 2012 was not the year for Blockbuster to make its triumphant return.

"Some of the approximately 300 stores are reaching the end of their lease and others are closing based on overall performance," he said.

Those 300 stores represent approximately 35% of Blockbuster storefronts still remaining in the U.S. The closings will leave around 500 stores still open - in 2011, DISH shuttered that same number.

Moving forward, DISH "will continue to analyze store level profitability and - as we have in the past - close unprofitable stores," Hall said.

Blockbuster has been viewed as a floundering corporation since April 2011, when DISH paid $238M to raise it out of bankruptcy. But it's not only struggling in America.

Just last week, Blockbuster in the UK was put into 'administration.' The American equivalent of bankruptcy.

DISH brings the latest home entertainment technology to more than 14 million subscribers, including the Hopper Whole-Home HD DVR that lets consumers control the home viewing experience. Beyond the living room, DISH helps viewers take TV anywhere and provides broadband through dishNET Internet.

Related Links
NBC Universo Begins Production on Original Series EL VATONBC Universo Begins Production on Original Series EL VATO
February 10, 2016
BET Teams with American Black Film Festival on 2016 ABFF AWARDS, 2/23BET Teams with American Black Film Festival on 2016 ABFF AWARDS, 2/23
February 08, 2016
Syfy Orders Two Seasons of CHANNEL ZERO Limited Anthology SeriesSyfy Orders Two Seasons of CHANNEL ZERO Limited Anthology Series
November 18, 2015
ABC Family Gives Straight-to-Series Order for Horror Tale DEAD OF SUMMERABC Family Gives Straight-to-Series Order for Horror Tale DEAD OF SUMMER
November 18, 2015
NBC Universo to Air APERTURA 2015 LIGA MX Season Finale, 11/21NBC Universo to Air APERTURA 2015 LIGA MX Season Finale, 11/21
November 18, 2015


About Author

   Subscribe to Author Alerts

TV VIDEOS


BWW Review: DEADPOOL Shakes Up Superhero Genre with Profane PerfectionBWW Review: DEADPOOL Shakes Up Superhero Genre with Profane Perfection BWW Column: How Can GALAVANT Improve if Renewed for Unlikely Third Season?
BWW Column: How Can GALAVANT Improve if Renewed for Unlikely Third Season?

Become a Fan, Follower & Subscriber

           Facebook Like Follow