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DVD Rentals in Canada

More nails in the DVD coffin in Canada:

Rogers exits video store business

Company to shutter remaining locations

The Canadian Press

Posted: Apr 17, 2012   4:12 PM ET

Rogers has officially bailed on the video store business.

http://www.cbc.ca/news/business/story/2012/04/17/rogers-video.html?cmp=rss

R0gers in Canada closed 40 per cent of its video shops in December 2011 as it moved away from selling and renting physical copies of DVDs, Blu-rays and video games. My wife and I are getting tons of calls and letters from them demanding that we get a free set top box (or we “might lose some of our favourite channels”!).

The remaining 93 stores stopped renting last week and are now in liquidation mode.  Rogers says it will use teh real estate locations to support other businesses, such as their TV and wireless services.  Video rentals have been in freefall since 2005.

In February 2012, “the company reported its video operations lost $23 million in 2011 on revenues of $82 million, which were down 43 per cent from the previous year.”

Blockbuster Canada closed up shop in 2011 by shutting more than 400 stores.

Stephen

 

Posted on: April 23, 2012, 7:54 am Category: Uncategorized

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