Thursday, November 7, 2013
Blockbuster shuts its doors as consumers shift toward digital
The Dallas company still plans to leverage the brand, however.
A few years ago when there seemed to be a blue video store on every corner, no one would imagine that a day would come when Blockbuster, a Dallas success story in its heyday, would be forced to shut its doors. But the digital revolution and its slow response to competition from Netflix left the organization in a deep hole they never dug their way out of, apparently.
“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Joseph P. Clayton, Dish president and CEO. “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.”
Do you have any Blockbuster memories? Was it your first job?
Pegasus News Content partner - North Dallas Gazette