SAN FRANCISCO (AP) — The final curtain is falling on the remaining Blockbuster video-rental stores that Dish Network Corp. runs in the U.S.
About 300 Blockbuster locations scattered around the country will be closed by early January. But 50 franchised stores will remain open in the U.S.
As part of Dish Network’s retreat, Blockbuster’s DVD-by-mail service is also shutting down next month.
About 2,800 people who work in Blockbuster’s stores and DVD distribution centers will lose their jobs, according to Dish Network.
The cost-cutting measures culminate a Blockbuster downfall that began a decade ago with the rise of Netflix’s DVD-by-mail service, followed by the introduction of a subscription service that streams video over high-speed Internet connections.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” Dish Network CEO Joseph Clayton said in a statement Wednesday.
The shift has been a boon…
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