TribLIVE

| Business


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

Blockbuster to close remaining stores

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. U-PARC houses companies ranging from innovative to traditional
  2. Deported migrants find home at call centers
  3. Gas drilling company withdraws application for forced pooling in Western Pennsylvania
  4. Lower your cable bill by streaming shows
  5. Students walk shop class path to excellence
  6. States clear way for startups to use crowdfunding
  7. Young adults drive home rental trend in Western Pennsylvania
  8. EDMC reaches debt-restructuring deal with creditors
  9. Compelling cases exist for cashing out, staying in as stock market soars
  10. UPMC to help China build private medical center to boost public care there
  11. Twitch.tv online network reveals value of video gaming market
Subscribe today! Click here for our subscription offers.