TribLIVE

| Business


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

Blockbuster to close remaining stores

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Iron ore price decline hurts U.S. Steel’s cost advantage over rivals
  2. Pennsylvania unemployment rate drops to six-year low
  3. Mark Phelan: Cadillac, Mercedes hope to win at name game
  4. New York Fed chief defends supervision of banks before Senate panel
  5. Health care, gas drilling industries await Gov.-elect Wolf’s footprint
  6. Stock market logs 5th straight week of gains as Dow hits record high
  7. CEOs in 10 big mergers to get $430M: Equilar study
  8. Know flat-rate repair times
  9. Highmark and UPMC feud over canceled physician contracts
  10. Oil, gas industry tries to keep talent in pipeline
  11. Sonata exudes class
Subscribe today! Click here for our subscription offers.