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[fredman]

Gallery Demise Positive for Blockbuster — For Now

While Movie Gallery’s pending closure bodes ill for the brick-and-mortar video store, Blockbuster Inc. in the near term is better equipped to weather the challenging retail landscape, said Michael Pachter, analyst with Wedbush Morgan Securities in Los Angeles.

Dallas-based Blockbuster, which reports first-quarter (ended April 4) results May 13 after the market closes, is expected to generate about $938 million in revenue and earnings per share of 12 cents, according to Pachter.

“Blockbuster is better positioned than Gallery due to its superior store footprint, better brand name recognition and status as the only major brick-and-mortar company left,” Pachter wrote in a note.

Source: http://www.homemediamagazine.com/blockbuster/analyst-gallery-demise-positive-blockbuster--now-19341