According to Dynamic Business, the corner video store isn’t dead in Australia:
Not even close, says the The Network Group Managing Director Keran Wicks, who reports the companyâ€™s balance sheet remains strong as do its 300 Network Video store members around the country.
Wicks said The Network Group, Australiaâ€™s second largest DVD rental group, remains in a good position.
â€œI keep reading articles about how this business is dying but thatâ€™s not what Iâ€™m seeing on our balance sheet â€“ and itâ€™s not what Iâ€™m hearing when I talk to some of our 300 plus Network Video member stores.â€
â€œThe DVD rental business is a billion dollar business in this country and itâ€™s not going to disappear tomorrow or next year or the year after that.â€