AfterDawn: Tech news

Companies focus on DVD rentals

Written by Petteri Pyyny (Google+) @ 13 Sep 2001 13:41 User comments (1)

Big retailers have made steps towards stronger positioning on DVD rentals in U.S. Blockbuster recently announced that they will cut the number of VHS movies available for rental and focus more on growing DVD markets instead. Blockbuster will take $450 million charge because of this move.
Also, consumer electronics retailer Best Buy has announced a co-operation with online movie rental company Netflix.com. Best Buy will offer co-branded version of Netflix's monthly rental scheme, where consumer gets unlimited number of rentals for $20/month.

Previous Next  

1 user comment

126.3.2003 23:16

For all you guys out there who want to be self-employed this may be a good option to consider. Many video rental shops are geared 80-90% towards vhs when more than 10-20% of consumers own dvd players. Nice oppourtunity to start your own buisness and gear it 60-70% towards dvd rentals and 30-35% VHS rentals and then 3-5% game rental.

Comments have been disabled for this article.

News archive