Michael Kelly

Dish Network announced it will shut down approximately 200 U.S. Blockbuster stores. The company said it will maintain operations of more than 1,500 U.S. Blockbuster stores, down from the 1,700 stores it operated when it purchased bankrupt Blockbuster in April. "Unfortunately, despite our efforts to reach reasonable terms, some property owners have closed stores," says Michael Kelly, president of Blockbuster. "However, we'll continue to look for opportunities for physical distribution in these neighborhoods as we expand our in-store experience, unmatched for movies and family entertainment. We're pleased that we will continue to operate more than 90% of the stores