Movie rental industry to adapt while piracy online rises
VIDEO may have killed the radio star, but the internet could be killing the movie rental industry.
With Blockbuster Rockhampton closing in the next fortnight, The Morning Bulletin spoke to movie rental company managing director Paul Uniacke on Friday.
"He's had a good run and, as the industry continues to change with what is a very good site there, I'd say he's chosen to move on, and possibly found more rental value from it as something else," he said.
Whether or not there was a possibility of another Blockbuster opening in the region again, Mr Uniacke said it would be unlikely.
"I'd say no, but there may be another opportunity to open a store, so we never say never," he said.
"I know it (piracy) is an issue, but it's something that will always be there and we have to learn to adapt to it in this industry. The one constant that we do definitely see is the internet and that more people are downloading more and more, especially short-form content."
In order to keep up with the constant changes in the movie rental world, the vending kiosk is a growing trend across the country.
"Retail online is going well, and we've got 108 to 110 vending kiosks set up now - there aren't any in Rocky at the moment, but they're very popular right now," Mr Uniacke said.
"So we'll continue to roll those out, which is all about convenience, so it's a great innovation."