Total spending on video rentals declined 4.9% to $3 billion as retail chain Movie Gallery closed stores, and consumers flocked to the fast-growing number of $1-a-night DVD rental kiosks like the ones operated by Redbox. Kiosk revenue was up 55%.
Posted at 12:21 PM on Monday, Jul. 19, 2010
By Bethany Clough / The Fresno Bee
A new kind of challenger has entered the nation’s DVD rental wars: mom-and-pop kiosk owner.
Marsha Conant is one of this new breed. She has installed two machines stocked with DVDs in Fresno — one in Whole Foods Market at Fig [...]
Coinstar and Netflix (Nasdaq: NFLX) are growing briskly, even as Blockbuster sputters. If Meyer is a distracting outsider, the company should remedy the situation by finding forward-thinking new faces who’ll be more amicable in the boardroom.
The nation’s largest maker of ATMs embarked on its first retail venture last year by rolling out DVD-rental kiosks across the U.S., a move that’s part of a wider strategy to capture a piece of the rapidly transforming entertainment market.
Historic ‘Blockbuster’ Store Offers Glimpse Of How Movies Were Rented In The Past
Next in line for most viewers is the Kiosks where movie watchers rent movies from a retail outlet like RedBox with more than 40% saying they use this type service, while 26% of these consumers indicating a willingness to increase use of this venue.
The indie video store is in a regular war zone these days — dodging competitive bullets from $1-a-night kiosks, Netflix and growing video-on-demand options. That doesn’t even include ongoing threats from major store chains such as Blockbuster and Wal-Mart. But don’t count out the mom-and-pops just yet, as they are working as hard as ever to offer unique services to stay viable for customers.
By Adam Satariano and Ronald Grover
March 16 (Bloomberg) — Blockbuster Inc., the money-losing video-rental chain with $855.9 million in debt, is in talks with Hollywood studios to reduce its DVD costs and said it may file for bankruptcy.
Canadian assets may be pledged as collateral for accounts payable to studios, the Dallas-based retailer said in a [...]
With six Oscar wins, including best picture and director, Summit Entertainment’s The Hurt Locker became my quest when test-renting select movies using commonly known channels Blockbuster, Netflix, Redbox and Movie Gallery/Hollywood Video, in addition to local video stores.
Movie Gallery is reportedly set to file a second Chapter 11 bankruptcy within two years as early as next week, according to The Wall Street Journal.
As part of “prearranged” bankruptcy, Wilsonville, Ore.-based Gallery, which owns the Hollywood Video franchise, would shutter two-thirds (1,800) of its most underperforming stores, idling several thousand workers.
Copyright © 2012 dvdkioskinsider. Designed by
Powered by eShop v.4
Insider Comments