For all of you that were wondering what DISH Network had planned for Blockbuster, when they acquired them on April 26th, 2011, seem to finally be getting some answers. On July 21, 2011 Blockbuster L.L.C. announced that it has assumed contracts with property owners nationwide and will continue to maintain operations of more than 1,500 U.S. Blockbuster stores that would have closed under liquidation, as approved in a New York bankruptcy court this week. Blockbuster will also continue to retain the more than 15,000 store employees.
President of Blockbuster Michael Kelly said, “We’re pleased that we will continue to operate more than 90 percent of the stores that were offered at auction in April. By lowering pricing and offering competitive summer promotions, we’ve brought millions of customers back into Blockbuster stores in the last three months to experience the best in convenience, choice and value. Today, more than 100 million people live near a blockbuster store.” Blockbuster recently released their new and improved Total Access Package, which provides benefits Netflix doesn’t. They are able to offer new releases 28 days before Netflix, unlimited in-store exchanges, games for XBOX 360, Playstation3, and Nintendo Wii, with no additional charge for Blu-ray movies.
“Unfortunately, despite our efforts to reach reasonable terms, some property owners have closed stores,” Kelly added. “However, we’ll continue to look for opportunities for physical distribution in these neighborhoods as we expand our in-store experience, unmatched for movies and family entertainment.” To order your DISH Network service, visit us online at Dish Systems or call (866)989-3474. Do you have a Blockbuster store near you?