Dish to take over about 500 Blockbuster leases

NEW YORK Dish filed papers with the U.S. Bankruptcy Court Southern District of New York on Saturday indicating it has agreed to assume about 500 leases. Blockbuster has closed numerous stores and now operates about 1,700 across the U.S. A hearing on Dish's assumption of the leases is set for Thursday.

Dish won an auction this month for Blockbuster Inc. with a bid valued at $228 million in cash. The deal is expected to close Thursday. Blockbuster filed for bankruptcy protection in September.

Dish has been mum about its specific plans for Dallas-based Blockbuster's brand, stores and streaming-video service.

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