Local Video Rental Stores Under Pressure


	Local Video Rental Stores Under Pressure

Forbes Business

8-6-2007 7:26 PM

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tags:

retail, video rental, blockbuster, redbox

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6378e205-e5e4-462a-ac81-86cde671decc/BF9FD3F6-87D5-4DB0-AFD0-FC034AEE0C5C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.videobusiness.com/article/CA6465214.html" href="http://www.videobusiness.com/article/CA6465214.html" style="font-size: 11px;">www.videobusiness.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.videobusiness.com/article/CA6465214.html"><STRONG></STRONG>Independent rental stores are trying new tactics including lower prices, longer rental periods and more DVDs stocked for sale in a stepped-up effort to battle the 24/7 convenience of Blockbuster Total Access and the $1 pricing of Redbox and other kiosks.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.videobusiness.com/article/CA6465214.html">Engen believes that traditional video stores’ greatest strength is that their selection normally trumps the average 70-title Redbox by hundreds of movies or more.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.videobusiness.com/article/CA6465214.html">Yet, “what is causing a lot of competition for the industry is Blockbuster Total Access,” adds Engen. “You are pulling a whole segment of the [traditional] marketplace online, because there is that option where they can take back DVDs to the store.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.videobusiness.com/article/CA6465214.html">Looking at certain markets it penetrated last year—Denver, Salt Lake City, Baltimore, Houston, St. Louis and Minneapolis—Redbox commanded a 4.3% share of DVD revenue in third-quarter 2006, estimates NPD. Those same markets jumped to an 8.2% share for Redbox during the second quarter of 2007. NPD started tracking Redbox last year.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BF9FD3F6-87D5-4DB0-AFD0-FC034AEE0C5C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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