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 company’s balance sheet remains strong as do its 300 Network Video store members around the country.
Wicks said The Network Group, Australia’s second largest DVD rental group, remains in a good position.
“I keep reading articles about how this business is dying but that’s not what I’m seeing on our balance sheet – and it’s not what I’m hearing when I talk to some of our 300 plus Network Video member stores.”
“The DVD rental business is a billion dollar business in this country and it’s not going to disappear tomorrow or next year or the year after that.”