West Stone Drive Blockbuster falls victim to changing DVD rental marketplace, liquidating stock today
Jul 14, 2009 at 12:00 AM
Blockbuster's West Stone Drive store in Kingsport has fallen victim to the evolving DVD rental market place. When it opens at 10 a.m. today it won't be renting DVDs, the liquidators will be selling the store's stock of DVDs.It's the only Kingsport Blockbuster store closing, but it's a sign of the changing entertainment market place where people are increasingly picking up their entertainment where they shop - not at the video rental store.The biggest trend is the Red Box kiosks, which are popping up in strip malls, at some big box stores and in convenience stores. The attraction is obvious. It's convenient and at a buck a rental a lot less expensive.Blockbuster is planning to begin streaming video on Samsung TVs to boost its struggling rental business.But even Netflix - which took a bite out of the cable and satellite providers business - isn't ignoring the onslaught of Red Box. It's partnering with Sony to offer consumers more movies and more convenience.Some argue that there will always be a niche market for the standard model rental store. They may be right. There are still some brick and mortar record shops and used book stores around, but you have to look hard for them.