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  #31  
Unread March 25th, 2013, 02:15 PM
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Originally Posted by SpiceCake View Post
So howcome Family Video and independent stores are able to make the store model work, but BB can't? Is it just too hard to manage in a corporate manner where every store has to earn millions of dollars just to be profitable?
Family Video is a lot different set up a far as how they run. Yes they do the same as Blockbuster and kill local places but they are the largest independently owned and operated video chain. The family that started it back in the 70's is the same family that still owns and operates it. They don't do franchises. They not only have their stores but they have other stuff as well, real estate, gyms, tanning, online ordering for purchases and what not. The stores pay rent to the real estate company that is run by Family Video. As hokey as it sounds, it works. Most of the time they build the store from the ground up but at times they grab an existing building and revamp the inside and what not. Their business model is completely different than Blockbuster. And like David said, Blockbuster was really counting on the FCC stuff to roll through a lot quicker than what it actually did. Blockbuster also has stockholders to answer to whereas FV doesn't. That's how they are able still still grow their business instead of it killing off. They are just growing a lot slower than what they were a few years ago, they blamed that on the interest rates for the most part. They have sales that the employees are expected to hit but they don't run a crap ton of things that are always changing. For the most part they have the same 3 priorities always running with the occasional new one thrown in on a temp basis. They have their half off passes (30 days 1/2 rentals), their ROD (rental of the day which is only on Friday, it's a newer release that rents at a discounted price. It is title specific for the weekend) and their popcorn bundle ( 3 purple/yellow sticker movies along with a bucket of popcorn. I know the last time I was in they had drinks into it with candy as well with the popcorn. Something similar to our candy bundle but can be with ice cream and what not). They do pressure but they pay commissions, they just focus on select things for sales rather than a million things or things that don't have to do with movies. It works. Hope that helps kinda clarify why they are able to grow while Blockbuster slowly dies.
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  #32  
Unread March 25th, 2013, 02:37 PM
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Originally Posted by inkedangel View Post
Family Video is a lot different set up a far as how they run. Yes they do the same as Blockbuster and kill local places but they are the largest independently owned and operated video chain. The family that started it back in the 70's is the same family that still owns and operates it. They don't do franchises. They not only have their stores but they have other stuff as well, real estate, gyms, tanning, online ordering for purchases and what not. The stores pay rent to the real estate company that is run by Family Video. As hokey as it sounds, it works. Most of the time they build the store from the ground up but at times they grab an existing building and revamp the inside and what not. Their business model is completely different than Blockbuster. And like David said, Blockbuster was really counting on the FCC stuff to roll through a lot quicker than what it actually did. Blockbuster also has stockholders to answer to whereas FV doesn't. That's how they are able still still grow their business instead of it killing off. They are just growing a lot slower than what they were a few years ago, they blamed that on the interest rates for the most part. They have sales that the employees are expected to hit but they don't run a crap ton of things that are always changing. For the most part they have the same 3 priorities always running with the occasional new one thrown in on a temp basis. They have their half off passes (30 days 1/2 rentals), their ROD (rental of the day which is only on Friday, it's a newer release that rents at a discounted price. It is title specific for the weekend) and their popcorn bundle ( 3 purple/yellow sticker movies along with a bucket of popcorn. I know the last time I was in they had drinks into it with candy as well with the popcorn. Something similar to our candy bundle but can be with ice cream and what not). They do pressure but they pay commissions, they just focus on select things for sales rather than a million things or things that don't have to do with movies. It works. Hope that helps kinda clarify why they are able to grow while Blockbuster slowly dies.
also other smaller indy stores have porn lol
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  #33  
Unread March 25th, 2013, 03:14 PM
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also other smaller indy stores have porn lol
Yes, lol they have porn too but surprisingly enough, most stores don't make as much on their porn as you would think. They have one store across from a church lol, high volume porn store and... Sunday is their busiest day for renting porn.
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  #34  
Unread March 25th, 2013, 10:27 PM
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Originally Posted by inkedangel View Post
Family Video is a lot different set up a far as how they run. Yes they do the same as Blockbuster and kill local places but they are the largest independently owned and operated video chain. The family that started it back in the 70's is the same family that still owns and operates it. They don't do franchises. They not only have their stores but they have other stuff as well, real estate, gyms, tanning, online ordering for purchases and what not. The stores pay rent to the real estate company that is run by Family Video. As hokey as it sounds, it works. Most of the time they build the store from the ground up but at times they grab an existing building and revamp the inside and what not. Their business model is completely different than Blockbuster. And like David said, Blockbuster was really counting on the FCC stuff to roll through a lot quicker than what it actually did. Blockbuster also has stockholders to answer to whereas FV doesn't. That's how they are able still still grow their business instead of it killing off. They are just growing a lot slower than what they were a few years ago, they blamed that on the interest rates for the most part. They have sales that the employees are expected to hit but they don't run a crap ton of things that are always changing. For the most part they have the same 3 priorities always running with the occasional new one thrown in on a temp basis. They have their half off passes (30 days 1/2 rentals), their ROD (rental of the day which is only on Friday, it's a newer release that rents at a discounted price. It is title specific for the weekend) and their popcorn bundle ( 3 purple/yellow sticker movies along with a bucket of popcorn. I know the last time I was in they had drinks into it with candy as well with the popcorn. Something similar to our candy bundle but can be with ice cream and what not). They do pressure but they pay commissions, they just focus on select things for sales rather than a million things or things that don't have to do with movies. It works. Hope that helps kinda clarify why they are able to grow while Blockbuster slowly dies.
Thanks for the explanation. I could be wrong, but it sounds like a fairly large proportion of Family Video's profits can be attributed to their other ventures (gyms, real estate, tanning salons, etc.) and the funky realty arrangement. In other words, would they still be operating successful video stores and opening more every year if the video stores weren't just a piece of their pie?

DJBlade -- I recall that you talked before about how Dish was opening new stores. What's the latest development on that? Of course, I realize that no new stores will actually open -- I'm just curious what kind of crap spiel they're rambling with now...
  #35  
Unread March 26th, 2013, 06:17 AM
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Quote:
Originally Posted by SpiceCake View Post
So howcome Family Video and independent stores are able to make the store model work, but BB can't? Is it just too hard to manage in a corporate manner where every store has to earn millions of dollars just to be profitable?
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  #36  
Unread March 26th, 2013, 06:33 AM
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Originally Posted by SpiceCake View Post
Thanks for the explanation. I could be wrong, but it sounds like a fairly large proportion of Family Video's profits can be attributed to their other ventures (gyms, real estate, tanning salons, etc.) and the funky realty arrangement. In other words, would they still be operating successful video stores and opening more every year if the video stores weren't just a piece of their pie?
Even though they have the other stuff, their video store business is still it's own separate business so it holds its own. It makes a profit and still expands. Their expansion has nothing to do with their other stuff like the gyms, real estate, ect. While those other businesses do well on their own they don't play into if they build more video stores.
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  #37  
Unread March 26th, 2013, 07:27 AM
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Even though they have the other stuff, their video store business is still it's own separate business so it holds its own. It makes a profit and still expands. Their expansion has nothing to do with their other stuff like the gyms, real estate, ect. While those other businesses do well on their own they don't play into if they build more video stores.
It attracts peolpe to the stores, coming in to rent a video and they see other things they can do , maybe the video side doesn't make a lot, but the other side might. Got to attract people to all your products.
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  #38  
Unread March 26th, 2013, 04:47 PM
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Since Family Video is privately owned, we'll never know what's fully going on there. They used to fund their expansion through their real estate holdings, but with that market cooled, who knows? I do know that they are looking for a partner to share store spaces with, like a pizza or ice cream chain, so the BIG brick and mortar video store concept is probably dead.

For those of you that talking about opening a video store, I say go for it, but with caution. Having a secondary business is a good back up plan. For example, I have ramped up my buy/sell/trade biz in the store and that has done really well for me. I've also added comics last fall, and that so far is promising.
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  #39  
Unread March 26th, 2013, 05:08 PM
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What I find so funny about all of it is that, even though streaming and kiosk rentals have really taken off during the last few years, there are still a few hold-outs (Dish, etc.) who think it's all a fad and that "The Store Model" will prevail once again as the dominant media rental concept. I just have to ask -- why? What is so endearing about the concept? Is it all about the nostalgia?

I just don't get it... times have changed, and yet there are so many that refuse to move ahead with them...
  #40  
Unread March 26th, 2013, 09:57 PM
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Originally Posted by SpiceCake View Post
What I find so funny about all of it is that, even though streaming and kiosk rentals have really taken off during the last few years, there are still a few hold-outs (Dish, etc.) who think it's all a fad and that "The Store Model" will prevail once again as the dominant media rental concept. I just have to ask -- why? What is so endearing about the concept? Is it all about the nostalgia?

I just don't get it... times have changed, and yet there are so many that refuse to move ahead with them...
Yes, times have changed. Not all have changed with the times. I have to admit I like to stream. There have been so many times that I haven't found what I wanted to see on there. Netflix, so big and mighty. Why does the giant not have Star Wars to stream? You see there is a problem with there model to. The studios don't want them streaming movies. It kills profits, hence why starz asked for so much money for their content. Now, Netflix is void Spartacus and other notable titles. Some people love films like I do. I want to talk to people about it before I rent. Should we all fall into an unsociable world? Not everyone is ready and not everyone thinks its profitable.
 

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