Originally Posted by jfanning
Like I said, it is a 4 minute walk to my video store, I wouldn't get much past the opening credits by the time I get there.
For everyone else who doesn't live within 4 minutes of the store though, they have to get stuff by old-fashioned post or services like Foxtel:http://www.foxtel.com.au/default.htm
Blockbuster caved in to Video Ezy in Australia and Civic might too or vice versa. The franchise store model means it's up to the owners to individually try and recoup the $300k setup cost. In the heart of a major city, that can be done, especially when there is little to no competing service but not everyone is so conveniently located.http://www.themonthly.com.au/nation-...d-ending--1678
"The final rental of the evening comes at 7.55 pm. He turns off the lights and closes the door behind him. He's made no more than $200. Not much of a Hollywood ending, but he's had worse Saturday nights."http://forums.whirlpool.net.au/archive/1570563
"they don't rent well due to not enough customers having blu-ray players. You do get maybe 1 out of 15 customers renting blu rays, but the true blu-ray fans buy them, including me. i actually get free rentals because i work at video ezy but i still buy my movies from jbhifi."
"my local 'Video Ezy' closed down years ago."
"Our local Video Ezy has gone bust and my son works for a Blockbuster who after making a push to corner the market with a bigger store and expanded stock, is now in administration. Cheap DVD and downloads have killed the video store."
"The Video Ezy store near me closed down about a month ago"http://www.theaustralian.com.au/busi...-1111119071302
"Just take a look around your local high street, how many small DVD rental shops have closed in the past few months," he warned.
"They are the dinosaur of the industry because they are not prepared to change.
"If they do not get out now, they will lose their homes if the franchise business is secured against their property."
Mr Uniacke, who runs a chain of about 800 Video Ezy and Blockbuster stores, has already felt the cold winds of the global downturn with sales of DVDs remaining flat.
That was in 2009 though he was still upbeat (as you would be owning 800 stores).
"Australians like buying DVDs to build their own movie library. Retail sales of DVDs reached $1.4billion last year. In 1995, it was less than $300million," he said.
Yet, Mr Uniacke said his margins are far bigger when he rents out DVDs. "At best, I get a margin of 20 per cent when I sell a DVD compared to 70 per cent when I rent one out."
"People may say it's a sunset industry but video rentals will continue well into the next decade."
In places where the broadband + streaming services don't offer a better deal, it makes sense that physical discs will stay strong for a while but it doesn't apply everywhere or to everyone.