Blockbuster to End Domestic Retail, DVD By Mail Services
Blockbuster to close remaining U.S. company-owned stores, DVD By
Mail services by early-January 2014
Franchised and licensed stores in the U.S. and abroad to remain
open for business
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
DISH Network Corporation (NASDAQ: DISH) today announced that its
subsidiary, Blockbuster L.L.C., will end its retail and by mail DVD
distribution operations by early-January 2014. The company will close
its approximately 300 remaining U.S.-based retail stores, as well as its
"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 chief executive officer. "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 Blockbuster By Mail service will end mid-December and will serve
existing customers until that time.
Over the past 18 months, Blockbuster has divested itself of assets in
the United States, as well international assets, including operations in
the United Kingdom and Scandinavia. DISH will continue to support
Blockbuster's domestic and international franchise operations,
relationships and agreements.
DISH will retain licensing rights to the Blockbuster brand, and key
assets, including the company's significant video library. DISH will
focus on delivering the Blockbuster @Home service to DISH customers, and
on its transactional streaming service for the general market,
Blockbuster On Demand.
The Blockbuster @Home service offers over 15 movie channels including
STARZ® Cinema, EPIX®, Sony Movie Channel, and Hallmark Movie Channel,
plus over 20,000 movies and TV shows streamed to TVs, computers or
iPads®. The service includes access to the Blockbuster @Home ‘app'
currently available to the millions of TVs served by DISH's Hopper®
Whole-Home HD DVR set-top box.
Available to anyone, Blockbuster On Demand is a transactional streaming
video service offering thousands of movies viewable on connected devices
including PCs, tablets, smartphones, Slingbox, Roku and select Samsung
TVs and Blu-ray players. Consumers can learn more at www.blockbusternow.com.
DISH Network Corporation (NASDAQ: DISH), through its subsidiary DISH
Network L.L.C., provides approximately 14.014 million satellite TV
customers, as of June 30, 2013, with the highest quality programming and
technology with the most choices at the best value, including HD Free
for Life®. Subscribers enjoy the largest high definition line-up,
the most international channels, and award-winning HD and DVR
technology. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of DISH Network Corporation to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
More information about such risks, uncertainties and other factors is
set forth in DISH Network Corporation's Disclosure Regarding
Forward-Looking Statements included in its recent filings with the
Securities and Exchange Commission, including its annual report on Form
10-K for the year ended December 31, 2012 and its quarterly reports on
Form 10-Q for the quarterly periods ended March 31, 2013 and June 30,
2013. The forward-looking statements speak only as of the date made, and
DISH Network Corporation expressly disclaims any obligation to update
these forward-looking statements.
Jason Kiser, 303-723-2210
Source: DISH Network Corporation
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