So a member over in the Mobile Reads site posted an email they got about how Nook is going to pull out of the UK and that they have partnered with Sainsbury's Entertainment on Demand to ensure that customers have "continued access to the vast majority of your purchased NOOK Books at no new cost to you" (direct quote from the email the user posted).
I received a similar email regarding movies and tv series, seems Nook is no longer going to sell or provide them, they have partnered with Disney and CinemaNow to provide access to the purchased content. However one line from the email got my attention, "After April 30, 2016, NOOK will no longer support video streaming, download, and playback on NOOK devices, the NOOK Reading App™ for Android, or the NOOK Video app.". Now it could be that they mean they just are going to support it from their end, but that Disney and CinemaNow will still be able to stream and download content if you have their video app installed. However given B&N's less than stellar track record with doing things that make sense, communicating properly with customers, and seeming to have any concept of how to maintain good customer relations it's also possible that they're disabling video downloads on the Nook tablets entirely, and only allowing for streaming ala a Netflix like arrangement.
The UK withdraw is effective March 15th 2016, while the video service change for US customers is going to effect after April 30th 2016.
Just last year B&N pulled out of Europe in a similar fashion, though I do not recall them establishing a means for customers to continue access to their purchases.
So after March 15th B&N will once again only sell ebooks within the US. Meanwhile Amazon and Kobo continue to sell content across the world. Kobo's CEO even gave a speech about how this is the end of the beginning of ebooks, meaning that they have become an established product with stable sales. Link to the article about his speech: 'End of the beginning for e-books' says Tamblyn | The Bookseller
I for one am glad I have backed up my Nook book purchases. I have a gift card balance of something like 25$, once that is used up I don't see any reason to continue to purchase my ebooks from them. Prices are, more or less, the same and since I read using my Kobo H2O it was always a small hassle getting Nook books downloaded and sent over. It wasn't -hard- but it was harder than it should be.
Perhaps it's time for B&N to pull the plug on Nook and just call it quits in terms of trying to sell devices.