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Dish Network Closing More Blockbusters Than Planned

Some of you may remember that Dish Network bought out Blockbuster back in April of 2011 for $320 million. With that acquisition came the announcement that a significant amount of Blockbuster stores would be closing down. Unfortunately, Dish Network CEO Joe Clayton has been quoted as saying that the original plans have derailed a bit and they’ll be closing more Blockbuster stores than they had originally anticipated.

All Blockbuster stores that aren’t turning a profit are getting the axe, according to Clayton. One would assume that this also interferes with their plan to keep 90% of their employees, but that number already seemed to good to be true. Some of the stores will be turned into Dish Network customer service outlets, so let’s hope those laid off Blockbuster employees will be able to find new work in the same building.

Clayton didn’t offer a specific number nor a timeline for the closures, but a spokesman for the company did say that the decisions would be made on a case by case basis.

via Engadget

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