Blockbuster announced today, the last day to rent a movie from a Blockbuster store in the Lower 48 is this Saturday, Nov 9 as retail stores are set to close by New Year’s Day.
But Alaskan VP Craig Cobb confirmed stores in the 49th state won’t be affected by the downsizing…
Cobb: “Because Blockbuster in the Lower 48 does not own our stores and we operate independently of the franchisor.”
We asked Cobb if the franchisee, Border Entertainment, is suffering as customers turn to online movies and alternative sources of entertainment.
Cobb: “Certainly the business isn’t what it was 10 years ago, but we’ve managed to remain profitable, and we see ourselves as remaining profitable for the next several years.”
In the coming weeks, close to 300 stores in the U.S. will be closed. The Blockbuster By Mail service will end mid-December.