Nov 6, 2013 1:58 PM
ENGLEWOOD, Colo. (AP) - The final curtain is falling on the Blockbuster video-rental stores that Dish Network Corp. owns in the U.S.
The closures announced Wednesday will affect about 300 Blockbuster locations scattered across the country. Dish Network expects the stores to be closed by early January. Dish Network says about 2,800 people will lose their jobs.
The Englewood, Colo. satellite-TV provider also is shutting down Blockbuster's DVD-by-mail service next month.
Dish Network's retreat will render Blockbuster's once-ubiquitous brand nearly extinct. About 50 U.S. stores operating under franchise agreements will remain open.
Blockbuster's downfall began more than a decade ago with the rise of Netflix Inc.'s DVD-by-mail service, followed by the introduction of a subscription service that streams video over high-speed Internet connections.
Dish Network bought Blockbuster out of bankruptcy court in 2011.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
3 hours ago
Do you have a tip, information about a breaking news story, or a story idea for 6 Investigates? Contact the KRIS 6 News Desk at 361-884-6666 or send us an email.
Send us your feedback. We want to hear from you!
Look at photos and videos and share them!
|KRISTV.COM Mobile Website
Get KRISTV.com on your mobile or PDA!
|KRISTV.COM Mobile Apps
Get our mobile apps on your mobile or PDA!
See the latest winning numbers!
|6 News Team
Read about your favorite KRIS-TV personalities!
|FCC Online Public File
FCC Public File of Records, Reports, and more