Dish to close rest of its Blockbuster stores in US

Dish to close rest of its Blockbuster stores in US

Credit: Getty Images

CHICAGO, IL - JANUARY 22: A sign marks the location of a Blockbuster video store on January 22, 2013 in Chicago, Illinois. Dish Network Corp., which owns the video rental chain, says it plans to close about 300 Blockbuster stores across the country, eliminating about 3,000 jobs. (Photo by Scott Olson/Getty Images)

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by Associated Press

WFAA

Posted on November 6, 2013 at 2:06 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.

Blockbuster started with a single outlet at the Medallion Center shopping mall in Dallas.

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.

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