Blockbuster closing more stores

December 20, 2010 3:51:14 PM PST
The video rental chain Blockbuster says it plans to shutter 182 stores by the end of the first quarter of next year. The information was outlined in a bankruptcy court filing.

Blockbuster has struggled to compete with video-on-demand services Netflix and rental kiosks like Redbox.

Blockbuster has already closed about 1,000 stores in recent years.