300 stores and remaining distribution centres to close by January 2014
The Dish Network will close all remaining Blockbuster retail stores and distribution centres in the U.S., resulting in the loss of thousands of jobs.
Dish will call time on its Blockbuster retail business in January, 2014, with the DVD-by-mail service scheduled to close one month before. In total, around 2800 jobs will be lost in the process.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Dish CEO Joseph P. Clayton. “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.”
Dish acquired Blockbuster for $320 million at auction after it filed for bankruptcy in September, 2010. Since then, the business has continued to struggle, trimming or selling assets both in the U.S. and abroad.
Blockbuster will continue to trade through its digital-only services, Blockbuster @Home and Blockbuster On Demand.
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It’s always bad when businesses go under. I hate to see hard working people lose their jobs.
Yes. I really hope they find work soon. It’s never good when someone loses their job but right around Christmas time is really not a good time.
True. Last year I was barely able to get my kids gifts because I was out of work for that whole year. I know how hard it is to find a job these days.
I’m very sorry to hear that. After 18 yrs working straight, I also lost my job in 2010. It’s a terrible scary situation that I do not wish on anyone, especially if they have a family to support. Hope your doing ok now.
I’m not to be honest but thanks for your concern. I mean i’m working with my dad and everything but i’m not making enough money to support a wife and three kids.
I really hope that changes soon. Wish you the best.
Thanks I appreciate it :]
I thought I was following you, but I saw I was not. Sorry. I’m following you now 🙂
Thanks :]. That happens to me too. I even follow people sometimes and their articles still don’t show up so I have to un-follow them then follow them again just so I could see what they’re doing.
And I thought the situation in the UK was bad…
Over in the UK Blockbuster cancelled PS4 preorders they had accepted. You have to write to the company to get your money back. Very disappointing for shoppers who have stayed loyal to the brand.
That’s right. I had an article on that. It’s terrible. I would hope Sony would try to help them get those orders proccessed.