Photo by flickr user cackhanded

But it's not all doom and gloom--they'll also be remodeling the Waterloo Records space this summer in order to make room for all the displaced non-rental DVDs, and all current Waterloo Video employees have been offered positions at the remodeled store to "[assure] the continuity of [Waterloo's] renown personalized video customer service."

But the even better news can be summed up in one unnecessarily capitalized word: SSAALLEE!

Waterloo Video will be selling all of the rental DVDs and VHS tapes in their collection. Multi-disc sets, special editions, director's cuts, Criterion sets--all of it. Prices will vary, but most foreign and classic rental DVDs are $12.99, and genre film rental DVDs are $9.99. Get there before it's all gone.