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On Wednesday, DISH Network, which purchased Blockbuster in 2011, announced it was closing the chain's 300 remaining U.S.-based retail stores, as well as its distribution centers.
"Consumer demand is clearly moving to digital distribution of video entertainment," said DISH president and CEO Joseph P. Clayton in the press release about the closures. His statement echoes many from recent years about the migration of entertainment from physical objects -- CDs, DVDs, books, games -- to bits, bytes and pixels available on various screens and portable devices.
Your late fees are waived: Blockbuster closes - CNN.com
In the article there is a link to a 2008 Onion clip which makes fun of how people used to rent movies.