DISH announces that they will close the remaining 300 Blockbuster U.S. stores
DVD By Mail services to end by early-January 2014, as well
It is the end of the line for Blockbuster video stores in the U.S., DISH Network announced today. The satellite television provider, which bought the struggling retail video company in 2011 for $320 million, will also shutdown the DVD By mail service early next year.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” Joseph P. Clayton, DISH president and chief executive officer, said in the company’s announcement. “Despite our closing of the physical distribution elements of the business, we continue to see value in the Blockbuster brand, and we expect to leverage that brand as we continue to expand our digital offerings.”
DISH has franchised the Blockbuster operations. The UK arm was acquired in March by the private-equity firm Gordon Brothers Europe. But the UK Blockbuster declared bankruptcy for the second time this year just a week ago. Other franchised locations are not effected by today’s announcement.