Blockbuster is planning on closing all of its U.S. company-owned stores and ending its DVD By Mail services by January.

Parent company DISH Network announced the closures today, saying it was clear customers prefer digital distribution of video entertainment.

Colorado-based DISH says the Blockbuster brand is going to continue through their "Blockbuster On Demand" streaming services.

DISH does plan on keeping franchised and licensed stores in the U.S. and abroad open.

There is one Blockbuster in Sacramento and four others in the region, according to the companys website. The others are in Carmichael, Antelope, Orangevale and Rocklin. 

Blockbuster originally opened as a single store in Dallas, Texas, in 1985, then became an entertainment juggernaut by the mid-1990s.

The company took a turn for the worse in the mid-2000s.

It filed for Chapter 11 bankruptcy protection in 2010, then was bought by DISH Network in 2011 for 320-million dollars. Blockbuster currently has around 300 retail stores in the region.