Be kind, rewind to remember Blockbuster

BY newsdesk  November 6, 2013 at 5:37 PM EST

Photo by Flickr user Josh Smith

Photo by Flickr user Josh Smith

Rewind to a time where there was a Blockbuster Video in every shopping center. Pause to remember it and realize how much has changed. Now fast-forward to a near future where the bright yellow letters are going the way of the VCR.

Dish Network, current owner of Blockbuster LLC, announced the closing of the rental chain’s remaining 300 brick-and-mortar stores, in addition to its Netflix-competing DVD-by-mail service, by early January. “This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Joseph Clayton, Chief Executive Officer of Dish Network, in the company’s release.

Blockbuster opened its first store in Texas in 1985 and by 2004 had as many as 9,000 retail locations, Bloomberg reports. The troubles began when video streaming gained popularity through services such as Netflix and ended up leading to the company filing bankruptcy in 2010, after which they were bought by Dish Network. The company states that they plan to keep the brand alive for future use.