Blockbuster to close remaining stores
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.
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