Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
If we are to believe ASX listed online DVD rental crowd Quickflix , the bottom is falling out of the bricks and mortar video rental business while online video rentals is a booming business. However, Quickflix also claims that the video downloads business is struggling.
Quickflix operates an Australia-wide online video
rentals service, which enables customers who pay a monthly sunscription
fee by credit card to order rental videos online and receive them in
the mail.
According to Quickflix, a 97% increase in growth to more than 18000
subscribers in the past 12 months highlights fundamental changes
occurring in the video rental market in Australia at present with a
shift away from high street video stores evident.
Quickflix points to an IBIS World industry report, released in January,
which showed that by the end of the current financial year the number
of video stores in Australia is expected to fall for the sixth
consecutive year to 1389 from 3181 in 91-92 and almost 1.5% less than
the previous year.
According to Quickflix, the IBIS report also shows video store revenues
are drying up, hit by a 5% decline this year with a further 20% fall
predcited over the next five years.
Quickflix also poured cold water on video downloads, pointing to
Reeltime Media’s recent share price doldrums. No doubt, overseas tech
giants like Apple and Amazon, who are getting into online video
downloads in a big way would beg to differ.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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