Hard Rain Continues to Fall on Blockbuster, Dish to Shutter Another 300 Stores

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News Posted: Tue, Jan 22 2013 11:07 AM
Most of us can’t remember the last time we were inside a Blockbuster video store, which is why the chain went belly up nearly two years ago, and why Dish Network is planning to close 300 Blockbuster locations in the coming weeks, which will bring the total number of deceased locations to 800.

Dish bought up the dregs of Blockbuster hoping to turn the company into something that could compete with the likes of both Netflix and Redbox, but it’s not going well. The Netflix-ish plan has officially been scrapped, and the brick-and-mortar stores that aren’t shuttered will likely be turned into some kind of Dish Network customer service locations.

Blockbuster closing
Image credit: RenaissanceInnovator.com

This is probably not the return on investment that Dish was hoping for when it agreed to pay $320 million for Blockbuster in 2011. There are still assets there, but the Blockbuster brand is kaput at this point, which leaves only hundreds of retail locations that can be used for something other than renting movies.
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rapid1 replied on Tue, Jan 22 2013 1:15 PM

BB has no reason to exist really any more. I was really wondering when DISH bought them as to why it seemed to be pointless if not then shortly thereafter.

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scolaner replied on Tue, Jan 22 2013 1:46 PM

Yep. I can see how Dish maybe saw an opportunity to do...something...but it was probably a calculated risk that just didn't pan out. Sort of like when Randy Marsh bought a Blockbuster franchise for $1.

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Atticus14 replied on Tue, Jan 22 2013 10:54 PM

yeah Dish tried to invest in the Blockbuster brand name I think (what else could they have wanted?) but blockbuster was never really respected anyway. Most people hated them for their outrageous rental prices + late fees and was glad to see them die. Dish should have put that money into a new brand and did their own thing, they could have had some nice integration possibilities with their TV product but went for a "me too" product.

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The old BB by my place has had many tenants since BB left. The latest is a pet supply store.

This is kind of depressing. As much as like Netflix,a lot of older movies seem to be missing from their selection of titles. BB was a great place to find those kinds of movies.

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