Blockbuster will be shuttering about 300 stores (about 35% of its current locations) in the coming weeks. As you may know, the Dish network acquired the Blockbuster brand from bankruptcy almost 2 years ago.
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,” Dish spokesperson John Hall wrote in an email.
That value is still a question mark, but a recent purchase by Dish may give us a clue.
Blockbuster as a break-even concern that could be a strategic beachhead should Dish enter the mobile broadband market. Dish recently put up an unsolicited $2.28 billion offer for wireless network Clearwire
I will tell you where I live, our local Blockbuster does a pretty brisk business. If that one ever closes, I know Blockbuster is doomed.
So what say you? When was the last time you were in a Blockbuster? Is this just another nail in the Blockbuster coffin? If you owned Dish network, what would you do with with Blockbuster?