Fate of Area Blockbusters Unclear After Company Announces Plans to Close 300 Stores
The long-time video rental business announced that it will only keep about 500 stores open nationwide and will cut 3,000 jobs.
Blockbuster plans to close about 300 stores nationwide and cut 3,000 jobs, reported CNNMoney.
The video rental business was bought out by Dish network in 2010 after it went bankrupt.
Here's a nearby Blockbuster:
Stores will be closing as leases end and others are closing for underperforming.
In recent years Blockbuster has been struggling to compete with Redbox, a DVD rental kiosk box, and Netflix, online streaming and mail order rental movies and TV shows.
Blockbuster opened its first location in 1985 in Dallas, Texas.
JustMe
8:27 pm on Tuesday, January 22, 2013
Who even rents DVDs anymore?