Blockbuster to Buy Movie Download Firm

August 9, 2007 By GARY GENTILE, AP Business Writer Blockbuster to Buy Movie Download Firm (AP)

Customers enter a Blockbuster video store in Dallas in this July 23, 2006 file photo. Video rental chain Blockbuster Inc. said Wednesday, Aug. 8, 2007 it is buying the digital movie download service Movielink, giving it the online foothold it has long sought to compete with rival Netflix Inc. (AP Photo/Ron Heflin, file)

(AP) -- Although Blockbuster Inc.'s Total Access program has been adding subscribers faster than Netflix Inc.'s DVD rental service, Netflix was able to tout that only it offered the ability to instantly download movies and TV shows to a computer. Not for long. Blockbuster said Wednesday it is buying the digital movie-download service Movielink, giving it a stronger online foothold to compete with its rival.

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