R.I.P. Blockbuster: Video Rental Chain To Close 300 Remaining Stores In 2014

Say good night to the Blockbuster night. The video chain that a decade ago made moguls tremble with its stranglehold on video rentals will be gone in January: Dish Network, which paid $234M to take Blockbuster out of bankruptcy in early 2011, said today that it will close the 300 remaining U.S. retail stores as well as its distribution centers. Blockbuster’s DVD-by-mail service also will end, though franchisees and licensed Blockbusters stateside and overseas will be unaffected. “This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” Dish CEO Joseph Clayton says. Dish will keep the Blockbuster brand and video library. It also will continue the Blockbuster @Home service it offers to Dish customers, as well as the Blockbuster On Demand transactional streaming service.

Related: Charlie Ergen: Blockbuster Didn’t Have “Guts” To Challenge Netflix

(more…)

This article was printed from https://deadline.com/2013/11/r-i-p-blockbuster-video-rental-chain-to-shutter-stores-in-2014-628607/