CINCINNATI, OH (FOX19) –
Blockbuster’s parent company, DISH, announced that the company will end its retail and by mail DVD distribution operations by early January 2014. The company will close its approximately 300 remaining U.S.-based retail stores, as well as its distribution centers.
There are three remaining brick and mortar Blockbuster stories in the Cincinnati area. Those stores are in Blue Ash, West Chester and outside the 275 loop in Eastgate.
“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.”
The Blockbuster By Mail service will end mid-December and will serve existing customers until that time.
Over the past 18 months, Blockbuster has divested itself of assets in the United States, as well international assets, including operations in the United Kingdom and Scandinavia. DISH will continue to support Blockbuster’s domestic and international franchise operations, relationships and agreements.
DISH will retain licensing rights to the Blockbuster brand, and key assets, including the company’s significant video library. DISH will focus on delivering the Blockbuster @Home service to DISH customers, and on its transactional streaming service for the general market, Blockbuster On Demand.
SOURCE: 19ActionNews.com
Article and Picture Courtesy of WXIX-TV Cincinnati and WOIO 19 Action News
Blockbuster Video to Close Remaining Stores was originally published on wzakcleveland.com
