| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Blockbuster to close remaining stores

Email Newsletters

Sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Chicago Tribune
Thursday, Nov. 7, 2013, 12:01 a.m.

Blockbuster, the video rental chain that has been pummeled by the rise of digital and on-demand entertainment, said it will close its 300 remaining stores across the nation by early January.

The Blockbuster By Mail service will end in mid-December.

Blockbuster's owner, Dish Network Corp., will keep the licensing rights to the Blockbuster brand and its video library. Dish said it will focus on the Blockbuster streaming and on-demand services offered to customers.

“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Dish President and CEO Joseph P. Clayton.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Business Headlines

  1. Stocks finish weak before Thanksgiving holiday; energy firms give back some gains
  2. Union leaders warn Post-Gazette newsroom of possible layoffs
  3. Covestro leader MacCleary finds stability amid change
  4. Black Friday loosens its hold on the holiday season
  5. Pa. PUC looks to update safety rules for electric utilities
  6. German financial giant Allianz SE slashes coal investments
  7. Mall stores required to open for Thanksgiving
  8. Feds upgrade GDP’s growth
  9. Improving economy challenges retailers seeking to boost ranks for holidays
  10. ‘Word people’ could start careers as court reporters, medical scribes
  11. GNC suspends sales of products made by indicted company