Blockbuster Gives Up On Retail And DVD-By-Mail Business

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DISH announced this morning that it will be closing down the remaining Blockbuster brick-and-mortar retail locations that it owns, and ending the company’s DVD-by-mail rental service. The decision was made about two-and-a-half years after the satellite TV organization bought the flailing DVD rental business for $228 million in cash. Dish said that while it’s shuttering stores, it will maintain control over the Blockbuster brand and its video licensing agreements. It also plans to continue supporting “domestic and international franchise operations, relationships and agreements,” it said.