Blockbuster is closing 300 more stores soon, according to Dish spokesman John Hall. Dish Network Corp. owns Blockbuster, and the move will reduce the number of Blockbuster stores across the country to about 500 total. The Denver Post shared the available details on Jan. 22.
The Blockbuster closings will shutter underperforming locations, or others that are nearing the end of their leases. This comes on top of approximately 500 Blockbuster store closings last year. Hall says the new round of closings will affect about 3,000 employees, and they were told last Friday. Hall isn't specifying when any particular stores will close down, or which locations are affected by the move.
The Christian Science Monitor notes that Dish Network purchased Blockbuster in March 2011, and at some point it plans to move Blockbuster headquarters from Texas to Colorado. Hall says that Dish has been evaluating Blockbuster store production and performance on a case-by-case basis since they acquired the chain. Fans are sad to see such a large block of Blockbuster closings coming again, and are hopeful the move can help strengthen the stores that remain.