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.
Copyright © 2024 KTRK-TV. All Rights Reserved.
