Will Movie Theaters Be The Death of Blockbuster Video?

In what can only be called a stunning reversal, Blockbuster recently declared that a rise in movie attendance is eating away at their video rental business.

According to The Hollywood Reporter, American box-office saw a 14% surge in 2008. Blockbuster CEO Jim Keyes cites this as a reason why his company has lost money.

I would think that Netflix streaming video, Hulu, and those Media Pirates! might also be rreasons.