Blockbuster has admitted defeat in the DVD-rental business.
Parent company Dish announced Wednesday that it will shut down all remaining company-owned Blockbuster stores in the United States by early January 2014. The closure will affect around 300 remaining retail outlets as well as the company's distribution centers.
The Blockbuster By Mail service will be cut off in mid-December. Only franchised and licensed stores in the US and abroad will keep their doors open.
Hurt by the rising popularity of Netflix and similar online services, Blockbuster saw its retail profits dwindle over the past few years. In January, Dish revealed … Read more