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Keyword: streamingmedia

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  • Dish Network to close all Blockbuster stores, lay off 2,800

    11/06/2013 1:23:26 PM PST · by Responsibility2nd · 56 replies
    Reuters ^ | 11/06/2013 | Reuters
    Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world. Dish plans to lay off as many as 2,800 employees. Dish, the second-largest U.S. satellite TV company, bought the failed Blockbuster LLC video rental chain in a bankruptcy auction in 2011 for $320 million, a dramatic fall for a brand that at its peak in 2002 had a market value of $5 billion.