Blockbuster revives more than 1,500 U.S. stores

MCKINNEY, TX – While video store chain Blockbuster languishes in receivership here in Canada, its American parent has assumed contracts with property owners to maintain more than 1,500 U.S. Blockbuster stores that would have closed under liquidation.The move means that Blockbuster also will retain more than 15,000 store employees. Blockbuster Inc. sold most of its assets to satellite television provider Dish Network Corporation in April as part of a bankruptcy auction, averting any sale to liquidators.“We’re pleased that we will continue to operate more than 90% of the stores that were offered at auction in April,” said Blockbuster president Michael Kelly,...