Blockbuster closing all remaining stores

Blockbuster closing all remaining stores

Huffington Post: Blockbuster plans to close all of its remaining stores, as well as its by-mail movie distribution by early 2014.

In the release, DISH Network also announced that while company will close all of "its approximately 300 remaining U.S.-based [and company-owned] retail stores," franchised and licensed stores will remain open.

"This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment," said Joseph P. Clayton, DISH president and chief executive officer. "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."

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