Dish Network said that it plans to close about 300 Blockbuster stores across the country, losing about 3,000 employees. The closures will leave about 500 locations across the nation.
Satellite broadcaster Dish Network Corp. on Friday said it would replace AMC Networks Inc.’s channels with HDNet channels at midnight on Saturday, ratcheting up a fee dispute.
Blockbuster is moving its headquarters from McKinney to Colorado after satellite television provider Dish Network bought the company last year.
AT&T will pay TiVo at least $215 million through June 2018, becoming the latest TV signal provider to settle a patent lawsuit involving the DVR pioneer.
Blockbuster’s soon-to-be parent company Dish Network Corp. has agreed to take on leases for hundreds of Blockbuster stores, ensuring the video rental chain will continue to have a physical presence.
Dish Network said Wednesday that it won the auction for Blockbuster with a bid valued at $228 million in cash.
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