Get All Access for $5/mo

There Are Only Two Blockbusters Left in the World, and One Is Closing The last of the movie rental's stores in Australia will close at the end of the month.

By AJ Dellinger

This story originally appeared on Engadget

Associated Press via engadget

And then there was one. A Blockbuster video rental store located in a suburb of Perth Australia announced that it will be closing its doors for good at the end of the month, according to local newspaper the Eastern Reporter. It was the last remaining Blockbuster on the continent. Once it ceases offering rentals at the end of March, there will only be one Blockbuster in the world remaining. The final store is located in Bend, Oregon.

Australia's last Blockbuster, located in the small suburb of Morley, was operated by Lyn and John Borszeky. The owners put up signs indicating the store would shut down last Friday, which resulted in an outpouring of nostalgia-driven support. While they held out for as long as they could, the arrival of Netflix and other streaming services in the Australian market made this ending an inevitable one. Everything from movies to signs will be sold off from the store, with the going out of business sale set to start on March 8.

Blockbuster has already disappeared entirely from the U.K., and the last remaining artifact of the rental era giant is the final store located in Oregon. As of last year, there were two stores still operating in Alaska -- and they received a significant amount of attention when Last Week Tonight host John Oliver donated the jockstrap used by Russell Crowe in Cinderella Man to the store in an attempt to drum up interest. The effort failed and the stores closed last August.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Devices

Maintain Professional Boundaries with a Second Phone Number for $25

Keep your business and personal communications separate with Hushed—and save an extra $5 for a limited time.

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: 'One of the Most Remarkable Business Pivots in History'

Here's how Nvidia pivoted its business to explore an emerging technology a decade in advance.

Business News

Want to Start a Business? Skip the MBA, Says Bestselling Author

Entrepreneur Josh Kaufman says that the average person with an idea can go from working a job to earning $10,000 a month running their own business — no MBA required.