Blockbuster has announced it will close86 of its stores in
The company attributed the closure,which will affect some 688 employees, to a dramatically increasing rate ofpiracy, citing Spanish Video Union (UVE) statistics reflecting anindexrise from 5% to 60% in the last three years.
Tourne cites three key forms of piracyin
The video rental market has also seencompetition from
Eight Blockbuster franchises willremain open on the
Stores will begin selling off stock,including videogames and consoles as well as films, as of March 27.