Friday, May 21, 2010

Final Credits Rolling for Movie Gallery

Columbia's Movie Gallery location in Columbia Center is closing, limiting rentals and selling remaining stock as its parent company--the nation's second-largest movie rental chain, which also owns the Hollywood Video chain--enters bankruptcy.

Don't expect a replacement anytime soon.  Rival Blockbuster is struggling to survive in a market environment where consumers increasingly get movies through rent-by-mail services like Netflix, kiosks operated by Redbox and their own high-speed Internet connections.  The day of the corner movie rental store--once as commonplace as convenience stores--is surely gone, and consumers will have to pursue entertainment with more technological saavy.

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