300 more Blockbuster stores closing

The move comes as streaming services continue to chip away at the in-store video rental business.

NEW YORK — Dish Network is closing another 300 Blockbuster video stores in the next few weeks, bringing its total number of locations to about 500, the company announced Monday.

The move comes after Blockbuster closings last year that included the shutdown of 500 locations last February. The company said Monday, as it did last year, that it would close unprofitable stores.

No locations for the closings have been announced. Some of the stores are reaching the end of their building leases, while others will close because of their performance, Dish spokesman John W. Hall said.

The closures come as little surprise as more consumers watch streaming videos or buy them on-demand through their cable company rather than trekking to the brick-and-mortar stores that were so packed with customers in the 1990s.

Dish, which purchased the video chain for $320 million in 2011, is increasingly using Blockbuster's remaining physical locations to hawk its Dish services.

 

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