Business & Tech

Blockbuster Video in NoHo Closing

The retail chain giant declared bankrupcy in 2010.

The in North Hollywood at 4821 Lankershim Blvd. on the southern edge of the NoHo Arts District recently announced that it is closing.

An employee at the store said the movie rental location would be shutting its doors for good sometime in the middle of March and that it is no longer renting videos, only selling them off in a complete liquidation sale.

Blockbuster, once the leading provider of video and game rentals, hit financial troubles in 2010 when it filed for Chapter 11 bankruptcy after accumulating $1 billion in debt.

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A few months ago, Dish Network purchased the chain, which has 1,700 locations, for $228 million, according to wire reports. After its acquisition, the network decided to continue operating 500 stores, leaving the other 1,200 locations eligible for purchase. It also moved to close all Blockbuster locations in Canada.

Other Patch sites around the country have reported store closings recently, including locations in , , and , NJ.

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NOTE: AFter this story was published, a Patch reader wrote us to say that the East Hollywood Blockbuster on Hollywood Boulevard also recently announced it was closing.

-- contributed to this report.


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