All true, but it's worth adding that they could have still saved their movie business if they had made the timely jump into online movie rental and distribution

All true, but it's worth adding that they could have still saved their movie business if they had made the timely jump into online movie rental and distribution. This would've been timed well with the rise in the real estate before the bust as they could've unloaded the stores and spaces. Overpaying for real estate or not, they lost because they failed at keeping up with movie technology trends as well as its competitors. The stores exacerbated the problem, but could've been addressed sooner. Walgreens and Starbucks don't carry products that can be as easily digitized.