Columbia House owner wants to drop its mail-order business
Believe it or not, Columbia House's mail-order media business is still around -- although it might not be for much longer. Its parent company, Filmed Entertainment, has filed for Chapter 11 bankruptcy in order to "pursue an orderly sale" of the Columbia House DVD Club, the last remnant of a once-great distribution empire (it ditched music back in 2010). You won't be shocked by the reason why, of course: the "advent of digital media" negated Columbia House's reason for being. Why pay for a steady flow of discs when a combination of streaming services and downloads will cover the bases far more effectively? Columbia House will keep running during the sell-off, but we can't imagine that prospective buyers will want much more than the recognizable name and some sales agreements.
[Image credit: Classic Film, Flickr]
