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Blockbuster announced plans to close 282 underperforming stores in the U.S. this year to concentrate more on its online rental business, now that it has settled its lawsuit with Netflix. This is not a new trend for the leading hard-copy movie rental chain; Blockbuster closed 290 stores last year, managing to distribute 25% of the revenues from those stores to nearby locations. Blockbuster’s Total Access online service (which allows both online and in store rentals) has signed 3 million subscribers to date, compared to 6.8 million subs for Netflix.

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