September 1, 2011 / 12:22 AM / in 6 years

Receiver seeks to wind down Blockbuster Canada's ops

(Reuters) - The receiver of Blockbuster Canada Co is seeking an order from the Ontario Superior Court to wind down the video rental company’s operations and shut its 253 remaining retail stores.

<p>A Blockbuster movie rental store is seen in Golden, Colorado September 16, 2009. REUTERS/Rick Wilking</p>

Blockbuster Inc’s Canadian unit, which used to operate nearly 400 stores in Canada, had filed for protection from a New York bankruptcy court in May, a month after its U.S. parent was acquired by Dish Network for $320 million.

Blockbuster Canada’s operations, which have been hit by competition, were consolidated by Grant Thornton -- the receiver in charge of the movie rental company -- and about 150 retail locations were closed in June.

The hearing will take place on Sept 6, Grant Thornton said in a statement. (Reporting by Gowri Jayakumar in Bangalore)

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