DENVER — They’ve been slowly disappearing over the past few years and Wednesday the company that owns the video-rental chain Blockbuster announced all remaining stores in the US will close.
Englewood-based Dish Network Corp., which owns Blockbuster, said the DVD-by-mail service will end by the middle of next month. Blockbuste will shut stores by early January.
Blockbuster filed for bankruptcy in September 2010, with $1 billion in assets and $1.46 billion in debt, according to Bloomberg. It was purchased by DISH in a bankruptcy auction for $320 million the next year, as a way for the satelitte TV provider to expand its offerings and compete against Netflix.
When Blockbuster was owned by Viacom in 2004, it operated about 9,000 locations.