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 This material may not be published, broadcast, rewritten or redistributed.)
- Shan’s Pick 5 – Week 11
- Consumer Justice: Holiday Season Shopping Ploys
- Would-Be Traffic Stop Ends In Fiery Crash In Arlington
- Plano Man Attacked By Grizzly Shares Thanksgiving Story
- Panthers Still Perfect, Romo Injured Again In 33-14 Loss
- Woman Forced To Strip And Serve Jail Time For Overdue Ticket
- Veteran Wants Flag Vandals To Take Responsibility For Crime
- Lightning Strikes Man Twice At Rednecks With Paychecks
- Sleepy Driver Crashes Into Mattress Store
- Jerry Jones: ‘London Could Be An Expansion’
- PHOTOS: Your Pet Pictures