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Competition hots up in the online DVD rental market: while online DVD rental firms anxiously await the arrival in the UK of Neflix, is the US giant the real long-term threat?(News Analysis)
Video Island merged with ScreenSelect last week in the biggest deal yet in the nascent area of online DVD rental. But everyone in the sector thinks there are many similar deals to come, fuelled by the worry of competition from the likes of Netflix and Blockbuster.
With at least 15 independent firms out there, from AnotherDVD to Zoovies, it has become the accepted wisdom in the industry that only a handful can survive.
LoveFilm's CEO Mark Livingstone says, "This time next year there will be four in the market: Blockbuster, Netflix, us and one other. I guarantee it. Anyone else out there will be up for sale."
Roy Gunter, CEO of Qflicks, which merged with Movietracks earlier this year, says, "There's room for one independent player."
Invasion of the market snatchers
It might have invented the market and it's clearly casting a shadow over an entire sector of the UK Internet scene, but just how big a threat does Netflix present?
Saul Klein, CEO of Video Island, says, "The real competition is going to be Blockbuster…
- Video Island secures 6m [pounds sterling] funding.(Brief Article)
- Magazine article from: New Media Age June 10, 2004 700+ words
Video Island has closed a 6m [pounds sterling] second round of financing in a bid to deal with increasing...to follow later in the year. As well as its own service, Video Island has deals in place with the likes of Tesco, Comet and MSN...
- Video Island to be dropped as a consumer brand.(Brief Article)
- Magazine article from: New Media Age August 26, 2004 700+ words
...overcrowded marketplace. The Video Island name will remain as the company...company says it has earmarked 4m [pounds sterling] for marketing over the next...Christmas. The newly enlarged Video Island is refusing to release its own...
- Video Island.
- Newspaper article from: The Daily Deal September 16, 2003 700+ words
...Deal Home entertainment company Video Island of London has closed a [pounds sterling]2.1 million ($3.7 million...Index Ventures, will join the Video Island board. Founded in 2002, Video Island is a DVD subscription service...
- Video Island raises $11M.
- Newspaper article from: The Daily Deal June 11, 2004 700+ words
...videos into homes, but Video Island Entertainment Ltd...companies, London-based Video Island announced Thursday, June 10, it has raised [pounds sterling]6 million ($11...building its own brand, Video Island markets through its...
- LoveFilm to merge with Video Island.(BUSINESS)
- Newspaper article from: Screen Digest April 1, 2006 700+ words
...Digest, LoveFilm and Video Island accounted for the lion...could grow from 50m[pounds sterling] in 2005 to as much as 240m[pounds sterling] in 2010--almost 70...DVD rental spending. Video Island; UK; 020 8951 9850...
- Video Island enters online DVD rental services market.(Finance)(Brief Article)
- Magazine article from: New Media Age September 18, 2003 700+ words
Video Island has become the...euro] (2.1m [pounds sterling]) in a round...Index Ventures. Video Island had previously...Klein, CEO of Video Island, said, "We...subscribers 12.99 [pounds sterling] a month to rent...
- [pounds sterling]80M merger of top DVD online rental outlets.
- News wire article from: Evening Standard (London) April 6, 2006 700+ words
...merge in a deal worth about [pounds sterling]80 million. The combined...a month, had revenues of [pounds sterling]25 million last year and became...Cazenove. The deal will see Video Island's chief executive Simon Calver...
- Redbus is sold to US for [pounds sterling]20M.
- News wire article from: Evening Standard (London) October 18, 2005 700+ words
...business to US distributor Lions Gate for $35 million ([pounds sterling]19.9 million). Franks, 34, who worked for JP Morgan...1998, keeps his outdoor advertising company and stake in Video Island, the DVD rental company. He will work for Lions Gate...
- Video Island selects vice-president of operations.(moving people)(Brief Article)
- Magazine article from: Precision Marketing February 13, 2004 700+ words
Video Island, a leading online DVD rental service...His appointment will help balance Video Island's core management team, which is...was responsible for managing a 35m [pounds sterling] budget, multiple operations and...
- MSN.co.uk signs partnership deal with Video Island to launch online DVD rental...
- Magazine article from: Marketing Week January 29, 2004 700+ words
...partnership deal with internet company Video Island. The new service, MSN DVD Rental...trial. Packages start from 2.99 [pounds sterling] a week. Subscribers to the service...Google. It is ploughing up to 3bn [pounds sterling] into the development of a revamped...
Source: HighBeam Research, Competition hots up in the online DVD rental market: while online DVD...
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