#31
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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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The postings on this site are my own and do not represent Blockbuster's positions, strategies, or opinions. The postings on this site are my own and do not represent DISH Network's positions, strategies, or opinions. |
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PickleBundle (March 25th, 2013) |
#32
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I learned that dreams don’t work without action; I learned that no one could stop me but me. I learned that love is stronger than hate. And most important, I learned that God does exist. He and/or She is right inside you, underneath the pain, the sorrow, and the shame. |
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inkedangel (March 25th, 2013) |
#33
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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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The postings on this site are my own and do not represent Blockbuster's positions, strategies, or opinions. The postings on this site are my own and do not represent DISH Network's positions, strategies, or opinions. |
#34
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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
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Because people like Orbit (and Mom) have brains
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Remind me never to play poker in this town. |
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inkedangel (March 26th, 2013) |
#36
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The postings on this site are my own and do not represent Blockbuster's positions, strategies, or opinions. The postings on this site are my own and do not represent DISH Network's positions, strategies, or opinions. |
#37
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It's been a Fun Ride, THANKS!! Old Friends!! ROYAL GUARD The top Poster!
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#38
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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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AbandonedDreams (March 26th, 2013), inkedangel (March 27th, 2013) |
#39
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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
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