Franchising.net.au:
The Australian licence holder of franchised video chain Blockbuster has made a move to reassure the home market that its 320 strong store network is not affected by the US based brand’s financially poor results, and achieved 3.5 percent rental business growth in the 2009 calendar year.
Paul Uniacke, the managing director of the Franchise Entertainment Group (FEG) which owns and manages the Blockbuster brand under a 10-year licensing agreement, said “Blockbuster Australia continues to deliver strong revenue from it’s millions of loyal home rental customers. The brand is well placed and continues to invest, innovate and grow in 2010.