(Formally written as To Download or not to Download:
That is the question--
That is the question--
May 27, 2011)
With the rise of the Internet small Mom & Pop video stores like Videomatica heck even the bigger chains such as Rogers Plus(closing my local one Sept 8, 2011) and Blockbuster(closing Oct 1, 2011)are hurting. Dish Network bought out all the Blockbuster chains in the U.S. says that it doesn't want Blockbuster Canada stores at all.
May 19 2011 Bloomberg reports that since Blockbuster has been on Chapter 11 their stock has gone up from 4 cents to 23 cents, that is since Sept 2010 with about 5.46 million shares a day.
The one here in Maple Ridge is the busiest in the Lower Mainland so there is doubt this one should ever close, however hard to tell.
Rogers Plus saw its revenue fall 41% in the first quarter of this year. Resulting in closure of 74 of its stores across Canada. In 2010 they saw a major decline in business resulting in a $38 million dollar loss, also they will continue to close stores as business declines.
Link for You Tube movie site(click here)
Also hurting are places like Gamestop and EB Games, PSP Go and Nintendo Dsi both offer gamers the choice to download games while the numbers aren't as big as the video stores that could very well change, Nintendo's Wii also allows trial games and full version games for points redeemed.
For an example of how digital downloads will hurt the gaming press, look no further than your current browser window. This website is part of a network of blogs called the Game flavor Network. We currently earn a modest revenue that enables us to pay for site improvements, attend gaming events, and the like. Most of our income is generated by the banner ads you see sprinkled around the site. But a significant portion of our revenue (around 30%) comes from commissions we earn on video game sales with places like Best Buy and Amazon. In articles about particularly popular games, we will often place a 'buy it now' link to the order page on Amazon.
(from PSP world Oct 12 2009)
With the decline of rentals also comes the decline of good selection as where before a store might carry the more obscure with maybe a rental or two a month, now they likely won't take that chance now.
Now that doesn't make it right at all as I have taken away from some one's lively hood as these don't make themselves, but where there is a will there is a way.
In an article posted on May 9 2007 saying that Warner Brothers would no longer allow screenings of their films in Canada and when and if they did they would hold them in smaller, closed rooms.
(This was posted May 8 2011)
That in a nutshell says it all
Other studios are sure to follow suit as Warner Brothers being one of the major studios
Thanks for reading
Written by Anthony Nadeau