Both Redbox and Netflix were forced to sign an agreement to hold new releases 28 days from two studios so they could buy the disks at wholesale costs. Blockbuster, being a brick and mortar (for now), still stocks new from those two studios. This smells of something illegal, but no one in Congress has taken note (Hollywood studio lobbyists have probably paid them off).
Personally, I like Netflix: 1. They have better Blu-Ray availability than any local video store. 2. My Blu-Ray Samsung player streams Netflix directly ($99 for a refurb model)
I no longer need a video store, HBO, Showtime, or the like.