Tuesday, April 19, 2011

DISH NETWORK KEEPING 500 BLOCKBUSTER STORES


Earlier this month, when Dish Network announced that it would be taking over Blockbuster's remaining assets, we openly wondered about what the deal would mean for the thousands of (mostly) empty rental stores still scattered across the country. Shuttering all of them seemed like a very real possibility, but it now looks like Dish has plans for at least a few of Blockbuster's old stomping grounds. On Saturday, the company agreed to assume the leases for about 500 of the 1,700 Blockbuster locations still in operation, according to papers filed with a New York Bankruptcy Court. Of course, it's still unclear what Dish plans to actually do with these stores -- or, for that matter, with the Blockbuster brand, as a whole. But it certainly looks like its long-term vision may incorporate at least some of Blockbuster's brick-and-mortar roots.

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