Blockbuster will close its retail locations and stop its DVD by mail service, according to a press release issued Nov. 6.

Employees at the Oak Harbor location declined to comment on the announcement.

Blockbuster is a subsidiary of DISH Network Corporation.

By early January the company will close approximately 300 remaining stores and distribution centers.

“This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Joseph P. Clayton, DISH president and chief executive officer in the press release. “Despite our closing of the physical distribution elements of the business, we continue to see value in the Blockbuster brand, and we expect to leverage that brand as we continue to expand our digital offerings.”

The DVD by mail service will end mid-December. DISH retains the licensing rights to the Blockbuster brand and assets, such as the video library. It will still offer Blockbuster @Home to DISH customers.

Blockbuster will still exist as Blockbuster On Demand, which is its streaming video service.