Blockbuster’s sole Australian store, located in the Perth suburb of Morley on the country’s west coast, announced it would be closing at the end of March. “We put in a pretty good effort to be the last one in Australia, I suppose, but it was going to happen eventually and now is the time,” owner Lyn Borszeky told the Australian Associated Press. The once massive video rental franchise that peaked at 9,000 stores around the world now will only have a single store left in Bend, Oregon, and they’ll soon have to change their “The Last Blockbuster in America” shirts to “The Last Blockbuster in the World”. Read more for a video explaining why the company went downhill.
Netflix’s mail-order service, Redbox automated kiosks, and video on demand services were major factors that contributed to Blockbuster’s eventual demise, as the company began to lose significant revenue during the 2000s, and in 2010, they filed for bankruptcy protection, while the following year, its remaining 1,700 stores were bought by satellite television provider Dish Network. Dish kept a small number of Blockbuster franchise agreements, which allowed some stores to remain open, like the one in Australia and Oregon.