Tuesday, April 19, 2011

Dish to Assume Leases on More Than 500 Blockbuster Stores

Dish Network Corp. plans to assume the leases on more than 500 Blockbuster Inc. stores after it completes its acquisition of the video-rental company, Dow Jones Daily Bankruptcy Review reported today.Neither company provided a specific number as to how many stores will remain open, but the new round of closings would bring that number to near or below 1,000, according to court papers. As of earlier this month, Blockbuster had either closed or initiated closings on nearly half of its stores and now has just over 1,700 locations.

Hopefully Main St. in Dunedin FL stays open!