Dan Wu, former owner of the Smith Street store (and of a Fifth Avenue location that closed in 2008), announced in April his plans to shut down, and began liquidating his stock. Local resident Aaron Hillis, also a journalist, film distributor and the curator at DUMBO's reRun movie theater, stopped by to buy some cheap DVDs, and ended up buying the store, the Wall Street Journal reports. "There's still something lovely and wonderful about being able to go into a store and browse," he told the paper. "The store wasn't failing."
Despite the negative trend in the video store business, it does seem that neighborhoods that value local businesses and have a healthy number of cinephiles—like Carroll Gardens—can keep one in business. For now anyway. (Immigrant communities also keep many video stores in business.) As Hillis put it, "if the McSweeney's superhero store can still manage to keep the utilities on, I think we're going to do just fine."
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