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Blockbuster to close stores, end US retail and mail DVD operations

DSL News November 9, 2013 0

Blockbuster to close US stores, end retail and mail DVD operations

Blockbuster LLC will conclude its US retail and mail DVD efforts “by early-January 2014,” a press release from parent company Dish Network Corporation announced this week. Folding Blockbuster’s retail operations will involve closing “approximately 300 remaining US-based retail stores, as well as its distribution centers.”

“Consumer demand is clearly moving to digital distribution of video entertainment,” Dish President and CEO Joseph Clayton said in the press release. “We continue to see value in the Blockbuster brand, and we expect to leverage that brand as we continue to expand our digital offerings.”

Those digital offerings include the Blockbuster @Home service for Dish customers and the general access, individual transaction-based Blockbuster On Demand. Dish will also retain Blockbuster’s “key assets, including the company’s significant video library.” This week’s announcement follows the closure of 300 other US retail locations earlier this year, as well as its UK doppelganger’s declaration of bankruptcy in October.

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Blockbuster to close stores, end US retail and mail DVD operations originally appeared on Joystiq on Sat, 09 Nov 2013 17:00:00 EST. Please see our terms for use of feeds.

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