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Blockbuster Canada To Close Remaining 253 Stores, YouTube Movies Comes To Canada

Toronto - Blockbuster Canada will be closing down its remaining stores by the end of the year. Grant Thornton Ltd., the accounting firm that was selected in May to oversee the movie rental chain’s receivership proceedings, stated in a news release Wednesday that it is seeking an order on Sept. 6 from the Ontario Superior Court of Justice at a hearing to wind down the video store’s operations and shut down the remaining 253 stores. The firm explained that they could not locate a suitable acquirer to make the necessary investments into Blockbuster Canada. If the court approves the request, the closure process would begin in only a few days.   Therefore, the company would not be obligated to accept loyalty-rewards programs and/or gift cards. “ We appreciate the ongoing support and wish to thank Blockbuster Canada Co.'s employees, customers, suppliers and other stakeholders during this difficult period,” said Granton staffer, Michael Creb...