Blockbuster troubles continue. While the UK business is currently in administration, the US business is closing 300 stores and cutting about 3,000 jobs. It is not known at this time which stores will be closing.
We continue to see value in the Blockbuster brand and we will continue to analyze store level profitability and -- as we have in the past -- close unprofitable stores," said Dish spokesperson John Hall speaking with CNNMoney.
About 500 stores will remain open across the US. Dish originally bought Blockbuster in 2010 during a bankruptcy auction.