Looks like Blockbuster is seeing a little movement already…. Zelnick’s board duties have been shifted.

On March 29, Zelnick was appointed chairman of videogame company Take-Two Interactive Software, which does business with Blockbuster. Zelnick’s company, ZelnickMedia, also agreed to provide financial and management consulting services to the videogame company.

The Blockbuster board has determined that Zelnick’s new relationship with Take-Two constitutes “related-party transactions” under Securities and Exchange Commission rules, so the “disinterested” members of Blockbuster’s board needed to ratify and approve Blockbuster’s transactions with Take-Two, according to the proxy statement. Blockbuster paid Take-Two $30 million in videogame-related transactions in the first quarter of 2007, according to the statement.

Also there was mention of a new beta community added up in the mix. A program that will help Blockbuster even the score with Netflix.