It's amazing how blockbuster was the one that started it all but then didn't change with the market.
That's actually what they're doing with this move. They're shutting down their brick & mortar stores because it's much cheaper and more appealing for them to focus on their streaming site and their Redbox-ish kiosks.
Well, that's actually what they were forced into doing.
They tried to stay relevant with store-fronts way past the time it was feasible to do so. The spent too much time with their lawyers and refusing Redbox the rights to certain movies (Universal movies I think) making them wait about a month to stock some DVD's, instead of rapidly jumping on the Redbox idea and shutting them down before they got too big.
Redbox was owned by Coinstar. Blockbuster would've easily stomped them into dust if they did it early enough. That would be like McDonald's going after McDowell's
I won't even go into the cluster $#$* of how they screwed up with Netflix.