Blockbuster to close remaining stores


Story Comments Share

Updated: 11/06/2013 2:55 pm Published: 11/06/2013 2:54 pm


ENGLEWOOD, Colo. (AP) - The final curtain is falling on the Blockbuster video-rental stores that Dish Network Corp. owns in the U.S.

The closures announced Wednesday will affect about 300 Blockbuster locations scattered across the country. Dish Network expects the stores to be closed by early January. Dish Network says about 2,800 people will lose their jobs.

The Englewood, Colo. satellite-TV provider also is shutting down Blockbuster's DVD-by-mail service next month.

Dish Network's retreat will render Blockbuster's once-ubiquitous brand nearly extinct. About 50 U.S. stores operating under franchise agreements will remain open.

Blockbuster's downfall began more than a decade ago with the rise of Netflix Inc.'s DVD-by-mail service, followed by the introduction of a subscription service that streams video over high-speed Internet connections.

Dish Network bought Blockbuster out of bankruptcy court in 2011.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Story Comments Share

1 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of KOKI FOX23 - Tulsa

Mayor Maynot - 11/6/2013 4:21 PM
0 Votes
Sounds like a pretty good tax write off.
FOX23 Weather Center
68°
Feels Like: 68°
High: 72° | Low: 66°
Mostly Cloudy
Most Popular
Children found living inside meth lab operation;12 arrested
ROGERS COUNTY, Okla. -- Small children were found living in a meth lab operation. Now, a dozen people are behind bars. FOX23's Morgan Downing spoke exclusively with sheriff's investigators about what they found on a rural Rogers County ranch. Video Watch This Video
Top Stories
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.