The Blockbuster video rental store on Bison Street in Newport Beach will close March 13, a store employee confirmed.
Blockbuster filed for Chapter 11 bankruptcy in September, according to a news release from the company, and has been closing brick-and-mortar stores throughout the country.
According to the Associated Press, Colbalt Video Holdco, a company created for the transaction by several hedge funds teaming up, has made a bid to buy the national rental chain, which has been facing competition from NetFlix, streaming movie subscription services and Redbox DVD rental vending machines.
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There are Blockbuster Express rental kiosks at the Pavilions stores on San Miguel and Newport Coast Drive, and Redbox kiosks at Ralphs stores in the city.
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