Dish Network to Keep 600 Blockbuster Stores By Phillip Swann TVPredictions.com
http://www.tvpredictions.com/blockdish041811.htm Washington, D.C. (April 18, 2011) -- Dish Network plans to keep 600 Blockbuster stores open after its reorganization of the struggling, one-time video rental giant. That's according to an article by The Dallas Morning News. The newspaper reports that Dish, which bought Blockbuster this month in a bankruptcy auction, has filed papers with the U.S. Bankruptcy Court in New York saying it will keep the stores in business. Blockbuster reportedly now has around 2,000 stores open, but it was expected that a new owner would close at least some of them. Some bankruptcy bidders, in fact, had planned to close all the stores and sell the company's remaining assets in liquidating sales. However, Dish said at the time of purchase that it wanted to use Blockbuster's retail outlets to help sell subscriptions to its pay TV service. The satcaster is also expected to use Blockbuster's online video streaming service to compete with Netflix's streaming business. It's unclear this morning which 600 Blockbuster stores will stay in business. _______________________________________________ Medianews mailing list [email protected] http://lists.etskywarn.net/mailman/listinfo/medianews
