Blockbuster Canada to close all locations

Wednesday August 31, 2011, 9:09 pm EDT

By Mary Gazze, The Canadian Press

 

TORONTO – Blockbuster Canada’s remaining stores are set to close soon and 2,300 more jobs at the national movie rental chain are about to disappear, victims of the digital movie revolution.

The receiver in charge of selling Blockbuster Canada wants a court order to shut down the movie rental company’s 253 remaining retail locations, saying Wednesday it had been unable to find a buyer willing to invest in the business.

There were a total of 14 offers submitted, including eight that contemplated acquiring all of Blockbuster Canada’s assets, but all of them included conditions or other problems that weren’t acceptable to the receiver…

Read more…

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