From slashfilm, Hollywood Video owner Movie Gallery has struck another blow against the continued viability of brick and mortar video rental stores. The struggling chain could be closing as many as 1,000 stores (out of the 2,700 stores in the U.S.) to help pay off $600 million in debt. That many of these large video rental chains will die off is inevitable — what with the increasing popularity of Netflix, Redbox, and various streaming and digital options. Blockbuster may be able to survive given their current hybrid approach with online, in-store, and on-demand rentals, but the days are numbered for the likes of Hollywood Video.
On a brighter note, the demise of big rental chains could bring about a rise of boutique rental stores with unique and curated options. Don’t expect it to have much of an effect on the mom-and-pop rental stores though.
7 comments:
I actually thought Hollywood Video went out of business already. Do any of you guys ever go to one?
I haven't walked into a video store in over 4 years.
I went to a Hollywood Video about three months ago and they didn't have the movie I wanted.
I'm not sure I even knew they existed! The Blockbuster in our town is going out of business.
There are still video stores?
Last time I was at Hollywood was during the 'Thon. I tried to get Trick 'r Treat but of course they didnt' have it. Useless!
I like the apocalyptic storm clouds gathering over the video store. The only thing missing is employees running to their cars.
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