Washington, D.C. (April 18, 2011) -- Dish Network plans to keep 600 Blockbuster stores open after its reorganization of the struggling, one-time video rental giant.
That's according to an article by The Dallas Morning News.
The newspaper reports that Dish, which bought Blockbuster this month in a bankruptcy auction, has filed papers with the U.S. Bankruptcy Court in New York saying it will keep the stores in business.
Blockbuster reportedly now has around 2,000 stores open, but it was expected that a new owner would close at least some of them. Some bankruptcy bidders, in fact, had planned to close all the stores and sell the company's remaining assets in liquidating sales.
However, Dish said at the time of purchase that it wanted to use Blockbuster's retail outlets to help sell subscriptions to its pay TV service. The satcaster is also expected to use Blockbuster's online video streaming service to compete with Netflix's streaming business.
It's unclear this morning which 600 Blockbuster stores will stay in business.
See hot deals below on Net-connected TV devices:
LG BD530 Network Blu-ray Player
LG BD570 Network Blu-ray Player
Roku HD Streaming Video Player
Click TVPredictions.com to see today's Swanni Sez.
© TVPredictions.com
______________________________________________________
Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.
Click TVPredictions.com to read more news and features on TV technology.