Chanos is a #$%$ if he thinks games and movies are the same. He doesn't understand the segment at all. They are literally nothing alike. Gamestop as a physical presence is in NO danger until well after the NEXT generation (not next year's) when consoles MIGHT stop using physical media (10+ years). Until then, GME will be raking in the dough.
Blockbuster was primarily a rental establishment, not a "jeez, I have to trade in my old games in so GME can resell them for more more money just because I need the money to buy the next hot game" establishment frequented by millions of teenagers. And Gamestop still has the clout to offer exclusive bonuses and other freedbies to folks who pre-order new games through them. I just pre-ordered Dishonored through them not just because I am an investor, but because they're the only ones to offer free themed Tarot cards Stuff that drives collectors crazy.
Also, unlike movies, the video game business is extremely cyclical, and we're on the verge of another boom cycle like we saw in 2007.
That's why I am 100% in GME. Call me CRAZY, but we'll see who laughs last.