Video outlets doomed for future
IT KILLED the radio star, but now video could be about to die its own rapid death.
Economists from IBISWorld have released a report called ‘Industries to fly and fall in 2010’, with photo processing stores, multi unit apartment construction companies, wired telecommunications carriers, video hire outlets and travel agencies all on the doomed list.
Suffolk Park DVD and Internet owner Charlie Strati, whose business is one of three video shops for sale in Byron Bay, disagreed with the report.
“We hear this all the time about online movie downloads and DVD sales sending people out of business,” he said.
“But it hasn’t affected us, we’re seeing growth.”
Lismore Video Ezy customers Terese Backshall and Glen Caulfield had conflicting views on the future of the industry.
Mr Caulfield said his mother considered investing in a video shop 15 years ago and was told not to do it by a business adviser.
“She was told the concept would fail because people would have access to other technology,” he said.
“Since then all the little stores have gone out of business and all that’s left is monopolies, and even they’re struggling.”
Ms Backshall said she regularly rented DVDs and would continue to do so.
“I think technology will change, but I think we’ll still be coming to shops to hire movies in whatever form they take,” she said.
“I know kids who download DVDs, but they still rent new releases.
“I buy the odd DVD, but I don’t tend to watch them more than once or twice, so I don’t see the point.”
Industries on the boom list were sugar, organic farming, oil and gas production, institutional building construction, insulation services, health insurance, alternative health therapies, online shopping, weight loss services and baby products.
Richmond River Canegrowers’ Association manager Andrew Tickle said 2010 would be an improvement on previous years for local sugar producers, but not quite as positive as the report predicted.
“The industry has had a fairly rough couple of years,” he said.
“In 2007 there was a terrible frost, followed by floods and even drought. Fuel and production costs also went through the roof.
“This year there will be a renewed confidence in the industry, but it won’t be something to jump up and down about.”COST COMPARISONS
For the movie Charlie & Boots:
To buy at Sanity: $29.99.
To rent from Video Ezy: $5.95, or $2 on Tuesday.
Not yet released for download from legal websites, but free or $2.99 from illegal sites.