Ba-Bye, Blockbuster: Video Rental Chain Closing
DISH Network Corporation has announced that its subsidiary, Blockbuster L.L.C., will end its retail and by mail DVD distribution operations by early-January 2014.
The company will close its approximately 300 remaining U.S.-based retail stores, as well as its distribution centers.
The last three Blockbuster stores in the Bay Area are in Redwood City, San Pablo, and Concord.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Joseph P. Clayton, DISH president and chief executive officer. “Despite our closing of the physical distribution elements of the business, we continue to see value in the Blockbuster brand, and we expect to leverage that brand as we continue to expand our digital offerings.”
The Blockbuster By Mail service will end mid-December and will serve existing customers until that time.
Over the past 18 months, Blockbuster has divested itself of assets in the United States, as well international assets, including operations in the United Kingdom and Scandinavia.
DISH will continue to support Blockbuster’s domestic and international franchise operations, relationships and agreements.
Source: DISH Press Release
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