I’m looking at Blockbuster and I don’t see much of a future. Carl Icahn owns almost 9% of the stock and he’s not a man from what I can see that is patient about his holdings.

BBI dropped its bid for CC after reviewing the company’s books. I see the market moving swiftly to digital delivery and little space left for a bricks and mortar rental operation. The costs of buying movies has fallen and the ease of renting movies has improved. I see NetFlix in a much better market position and Apple’s nascent movie business beginning to gain ground.

I look at it this way: With tens of millions of handheld movie theaters in the form of iPhones and video-capable iPods (including the touch) in the market with access to movies 24/7 that can be moved between home and mobile devices, what future remains for bricks and mortar video rental stores?

As the independent storefront clothing merchants, hardware stores, five and dimes, and butcher shops have fallen by the wayside so will the specialty media rental stores yield to the pace of progress. Perhaps they can become electric scooter dealers. I don’t feel so bad holding on to the losers I have held when Ichan has his own can of worms.