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Blockbuster is dead

Though it has to be said that, by the end, Blockbuster was as much good as a well in a modern city, IP&TV is confident that it is not entirely alone in feeling a slight pang at hearing the news that Blockbuster Video film rental stores in the US are finally closing.

Around 2,800 people are set to lose their jobs by early January, parent company Dish Network has said. They will also end Blockbuster’s own postal DVD service in December.

“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” says Joseph Clayton, Dish president and chief executive officer, in a statement. “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.”

The brand, he adds, will not be completely killed off. It will continue to be used with the streaming services that are currently offered.

It’s the end of an era.

 

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