Blockbuster To Close Final U.S. Stores
The final Blockbuster stores in the United States are on the verge of closing:
Blockbuster retail stores have become a rare sight in the United States in recent years, but soon they will disappear completely.
Dish Network, which acquired Blockbuster in a bankruptcy auction in 2011, announced Wednesday that the video chain will close its 300 remaining retail stores in the U.S. by January of 2014. The brand will instead move to a streaming-only model.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” Joseph P. Clayton, president and CEO of Dish, said in a statement. “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.”
In 2004, there were some 9,000 Blockbuster stores nationwide. Between streaming, On Demand, and RedBox, though, their usefulness quiickly faded away.