Economy

April 23, 2010 6:47 AM

Video stores see Netflix, online streaming change their business model

Brick and mortar video stores are under pressure from the online world, just like record stores and booksellers before them. Blockbuster and Hollywood Video are closing local outlets as nationally, both companies feel the heat from game changers like Netflix and Redbox, which rents movies for $1 a night out of vending machines in supermarkets. Streaming movies directly to laptops and smart phones or download them right to PlayStations or Xboxes, is also changing the business model for video rentals.

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