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Blockbuster Closing 300 Stores, Including Chelsea Location

The DVD and video game rental company says the closures are necessary to help with restructuring.

Movie buffs in Chelsea will have to stream the latest Hollywood films online or rent them at local Redbox kiosks following news of Blockbuster's closing.

The DVD and video game rental company announced in January that it was shuttering 300 of its stores nationwide, including Chelsea Blockbuster in an effort to recover from dwindling sales in a niche market.

Dish Network Corp., the parent company of Blockbuster, told the Associated Press that the closures will leave about 500 Blockbuster locations in the United States.

The Chelsea Blockbuster is currently holding a store closing sale. Calls to management were not returned on Thursday, however Chelsea Update reports that several customers said they were told that the store will close for good at the end of March, and there are no longer any rentals, just retail sales of the DVD’s and Blue-ray discs.

According to Reuters, Dish Network Corp. has no plans to shutter the company completely.

"We continue to see value in the Blockbuster brand and we will continue to analyze store-level profitability and, as we have in the past, close unprofitable stores," Dish said in a statement.

Chelsea Blockbuster is currently open 10 a.m. to 10 p.m. seven days a week.

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