Blockbuster Fights Demise Of DVD Storefronts

Sydney Morning Herald:

Last week, Movie Gallery, the second-largest movie rental chain in the US after Blockbuster, threw in the towel and decided to close its 1,900 stores and liquidate all remaining inventory.

It marked the end of at least three years of drip torture for Movie Gallery, whose once imposing 2,400 store empire has succumbed to competition from online movie rental players, digital downloads, and the increasingly ubiquitous Redbox, a retailer that rents movies for a single dollar out of kiosks the size of vending machines.

While Movie Gallery will finally be put out of its misery, the pain goes on for its major store-based competitor, Blockbuster. Read on…