Dish shares closed 6. How do you watch movies today? Take our survey. Earlier this month, a New York court delayed a hearing that would have decided whether Blockbuster Canada could legally use the brand name as it went through receivership. The new owner of Blockbuster USA had said it did not want the Canadian retailer to use the name, while Blockbuster Canada argued it had paid fees for that right.
Blockbuster stores had operated in Canada for 21 years. The receiver in charge of selling Blockbuster Canada had argued that stripping the chain of that right would "devastate" its business. The company had slimmed down to 3, stores in the U. In the United States there are about 2, currently open with plans to close about more by mid-April. Blockbuster used to dominate the U.
Business Blockbuster Canada to close stores Blockbuster Canada is closing a third of its stores in the next few weeks as the movie and video game rental chain works its way through a court-ordered receivership process.
Social Sharing. Each store employs about 10 people. The receiver said it has tried to sell the company, but was unable to reach a deal with a buyer that was willing to make the necessary investments to keep the business going. The Canadian operations had acted as a guarantor for Blockbuster's U. Dish did not buy Blockbuster Canada, which was left to pay the bills.
Earlier this month, a New York court delayed a hearing that would have decided whether Blockbuster Canada could legally use the brand name as it went through receivership. The new owner of Blockbuster USA had said it did not want the Canadian retailer to use the name, despite the fact that it paid fees. The receiver in charge of selling Blockbuster Canada had argued that stripping the chain of that right would "devastate" its business.
HMV Canada had recently been boosting its offerings to focus on a broader selection of music and film-related products, including T-shirts, headphones, video game controllers, mobile phones and other electronics, in an effort to curb declining revenues as disc sales weaken and more shoppers opt for downloads.
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