The Best of Entertainment
Due to competition from companies such as Netflix and Redbox, Blockbuster lost significant revenue and filed for bankruptcy on September 23, 2010. On April 6, 2011, the company and its remaining 1,700 stores were bought by satellite television provider Dish Network at auction for $233 million and the assumption of $87 million in liabilities and other obligations. The acquisition was completed on April 26, 2011. Dish closed 200 branches in July 2011, 500 more in the first half of 2012 and another 300 in 2013. In November 2013, it was announced that the remaining 300 company-owned stores would close. The company's DVD-by-mail rental service will cease operations as well.
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