Although it will remain alive in name but not much as a store presence, The New York Times reports that Blockbusters will be closing its remaining 300 locations. Netflix has won.
Dish, which acquired Blockbuster through a bankruptcy auction in 2011, after the retailer had already been decimated by digital video distributors like Netflix, said it still sees value in the brand name and will use it in limited ways.
But it will close all Blockbuster locations it says there are about 300 left and the distribution centers that support a DVD-by-mail service. Dish declined to say how many employees would be laid off, but previous cutbacks by the company have affected thousands of workers. The remaining locations have, on average, 10 employees or fewer each.
The announcement amounted to a surrender: a statement that Netflix, symbolized by its little red envelopes and more recently its streaming service, had prevailed over the little blue boxes that Blockbuster VHS tapes and DVDs came in.
|MPAA Publicly Threatens Politicians Who Aren't Corrupt Enough To Stay Bought|
|The Growth of Corruption Reporting Websites|
|Search Antropologist Stunned Most People Don't Know How to Use CTRL-F|
|This is Now: Real-Time City-Based Instagram Updates|
|"Guest blogging is done; it's just gotten too spammy."|
|“My son died here.”|
|The (Very Scary) People of Public Transit|
|“I don't know if this is going to be the smartest or the stupidest thing I'm ever gonna do.”|
|“Seen from the inside, its Chrome browser looks a lot like surveillance software.”|
|Fake Name Generator|
|“Airbus says his company already has the technology to fly passenger planes without pilots at all.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|How to Avoid Jury Duty|
|“Canada is warming at twice the global average.”|
|Pat the Zombie: A Cruel Adult Spoof of 'Pat the Bunny'|
|“Cheap fakes' are the new fake news.” #DeepFakes|
|If Sir David Attenborough Restored Vintage Toys|