During the year 2012, Dish shut down 650 BlockBuster stores. The company is now planning to shut down another 300 stores, which would lay off 3000 employees.

What Specially You're Expecting From Apple In This WWDC?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading ... Loading ...

Blockbuster was on the very verge of bankruptcy when Dish acquired it back in 2011. However, the acquisition hasn’t helped improve Blockbuster’s prospects in any way. Rather, Dish has been doing away with more and more BlockBuster stores and has now decided to shut down another 300 of them in the coming weeks.


blockbuster store

With this move, Dish intends to shut down such BlockBuster stores which are either not performing up to the mark or are about to reach their lease expiry. Once Dish goes forth with the decision, it will be left with a mere 500 BlockBuster stores in the whole of U.S.

Shutting down 300 stores will lay off a lot of employees. To be specific, Dish will be putting 3,000 people on the streets unless it decides to provide them some kind of a compensation package by offering jobs in other divisions of the company.

Back when Dish acquired Blockbuster in a $320 million deal, it had 1,700 Blockbuster stores on its hands. The company was quite hopeful of the acquisition and planned to couple BlockBuster’s offering with its own video offerings. However, before soon, Dish seemed disillusioned of the whole scheme and has since been steadily shedding more and more BlockBuster stores over the months.

In 2012 alone, Dish shut down 650 BlockBuster stores and seems intent to follow the very course during 2013 too. It would seem that BlockBuster has indeed come to the end of line since its product offerings were not repackaged, in time, for the fierce competition in the market.

Courtesy: NASDAQ

Buy Cheapest Related Product From Amazon.com


Intel Will Shut Down Desktop Motherboard Production Within Three Years

DARPA Aims To Use Parts From Discarded Satellites To Make New Ones
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On January 23, 2013(1 year, 6 months ago.)

Recent Products

Compare  
Buy Now | Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook