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.
|“The internet is the root of multiple woes, from increasing political polarization to the mass diffusion of misinformation.”|
|Five Billionth Device About to Plug into Internet|
|"A platform secretly run by the U.S. government could not become a major social network in Cuba without being exposed at some point."|
|5 Warning Signs You Might be a Blogcrastinator|
|Hunting Anonymous: To LOIC or Not To LOIC, That is the Question (via @th3j35t3r)|
|“Systemd is, to put it mildly, controversial.”|
|“The Reality of Building Fantasy.”|
|“That is actually not the way the world has worked for most of human history.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|U.S.S. Enterprise Owner's Manual|
|iPhone 6, the First Smartphone to Disrupt NSA's Spying|
|The (Very Scary) People of Public Transit|
|How to Avoid Jury Duty|
|“The Amazon Dash button for horny men and women who don’t feel comfortable telling their partner they’d like to have sex.”|
|“Make all videos fun to watch.”|
|“If you’re dating, you’re going to be let down. You’re not going to be everyone’s cup of tea.”|
|Testing Whether the Earth is Round or Flat|