Ok folks, we can blame bad management or bootlegging but lets face the real reason for the decline of rentals.
BAD MOVIES. I am not saying all movies recently are bad but most are. They are cookie cutter and redundent. There is still the occasional breakout movie but that only lasts a week or two due to "guarenteed in stock" from both BBI and MOVI. After that, there is nothing left except the same crap.
Also, I bet there are few ppl that have seen all five of the movies that were nominated for best picture this year.
Basically, what I am saying is that Hollywood (the studios) need to put out better quality movies. Granted that may mean less movies but I would take lower quanity for better quality anyday.