Comedians pay last respects to Blockbuster
Comedians have paid their last respects to video rental store chain Blockbuster, which announced on Nov. 6 that it will close its remaining 300 stores. Current owner Dish Network (DISH) said consumer demand is moving to digital distribution of video entertainment and it didn’t make sense to keep the DVD business in operation. Netflix (NFLX) and Outerwall ‘s (OUTR) Redbox unit have taken over the home video business over the last decade. “Late Night” host Jimmy Fallon joked about Blockbuster’s demise in the context of changes in the home entertainment business. Fallon : This is kinda sad. Blockbuster announced that it will close all of its remaining stores in the U.S. by sometime early next year. In other words, your local strip mall is about to get a Curves gym! Fallon : Yeah, Blockbuster’s going out of business. So it looks like I’m now the proud owner of a VHS copy of “True Lies.” Suck it, Blockbuster! Fallon : I’m not sure why the company’s losing so much money, but maybe I’ll watch a documentary about it on Netflix. “Tonight Show” host Jay Leno also took a parting shot…