http://www.abc.net.au/news/stories/2008/12/17/2448871.htm

EzyDVD goes into receivership

Australia's biggest online entertainment retailer, EzyDVD, has been put into receivership.

Receiver Ferrier Hodgson says the Adelaide-based company has 70 full-time staff in South Australia and about 150 casual employees nationally.

David Kidman from Ferrier Hodgson says EzyDVD's financial problems have been caused by several factors.

"They have been in a significant level of debt of a number of years but it's been compounded by trading losses in the last two years, in excess of $3 million," he said.

"Even the last six months have been somewhat down on last year's in terms of sales, which is a consistent theme throughout the retail industry at the moment."

Mr Kidman says the company's 58 outlets across the country will continue to operate normally while an urgent assessment is undertaken and the business is offered for sale.

"There's a strong network of franchisees and staff and it's spread across Australia so it's sitting there so that we've certainly got a chance to get this business away in some shape or form," he said.

Damn, I get all my movies from them :(

i dont, i download mine

They weren't the best priced movies anyways..

I only bought from there when they had the HD movie frenzy..

I wonder where the loss is comming from, I mean shipping stuff out from a warehouse can't be hugely cost intensive vs maintaining a retain store chain, seems odd to do both realy.

i dont, i download mine

Great post, you're off to a great start here at AusGamers.

Damn! Receivers must be making a fortune. (Not to mention the free DVDs.)

I wonder where the loss is comming from

You still need to sell enough stock to pay employees and upkeep, stock sitting around eventually loses value as well because if they aren't selling it then it is costing them to keep it.

I honestly forgot these people existed since JB's started selling online.

Can't say I'm disappointed. They didn't have very good prices. As long as JB HiFi sticks around, I'm happy.

bad move opening retail shops. should have stuck to the web.

http://www.p2p-blog.com/media/1/20070612-463218409_920f65a32c.jpg

http://www.dilanchian.com.au/images/stories/lightbulb/p2p_litigation.gif

http://blog.tmcnet.com/blog/tom-keating/images/metaaso-mermaid.jpg

http://regmedia.co.uk/2008/06/16/bmr1_legalp2p.jpg

http://regmedia.co.uk/2008/06/16/bm2r_downloading.jpg

http://regmedia.co.uk/2008/06/16/bmr3_uploading.jpg

http://www.theregister.co.uk/2008/06/16/bmr_music_survey/

Either download it off torrent and screw the MPAA/RIAA or order them off www.cdwow.com.au if its worth the money and its a set.

Artists will still sell CDs via stores because not everyone has great internet. Artists will still sell concerts because like is still better.
As for movies. People will go to cinemas if the experience is something they can't have at home. For example: 3D projection. They didn't upgrade the whole film for years thinking people would always go to the cinema and that is the price you pay for trying to make all your money on popcorn and crap.

Or go down to the local hire it and rip it while your watching it. I still never understood how the DVD as a piece of intellectual property could be kept overnight if you were going to show it to multitudes of people. Just cause of the pay per view 'law agreement' with cinemas.

They're simply going out of business BECAUSE they couldn't adapt to the market. Example: Offering USB movies/a postal service for DVD discs/you insert clever innovative idea here. Even the video shop close to where I live in the other suburb has been having a sale for ages now and its ALWAYS ON. If the other ones haven't gone to renting DVDs and or hiring other things.

http://www.abc.net.au/news/stories/2008/12/20/2451897.htm?section=justin - now even the RIAA is backing off.

JB Hi Fi won't be closed to soon because they still stock music and pheripherals like USB Hard Drives, PS3s, XBOX360 and so on. People _ always _ need _ hardware, Simple fact.

and finally last but not least:
http://news.zdnet.com/2422-13568_22-156236.html - BIT TORRENT REDEFINES THE MULTIMEDIA INDUSTRY
and
http://video.google.com.au/videoplay?docid=-1720068211869162779&ei=kZRMSYShHaDUqAPYydCgCw&hl=en - PIRACY IS GOOD?!

Watch as commercial television in Australia is changing. See the advertisements for digital set top boxes and FreeView but who these days watches that much commercial television anyway with wireless devices and a collection of films you've converted from DVD anyway. Stream it wirelessly over your home network

. The revolution is coming and it is only a matter of time. Before it changes everything. Hell, Micheal Packer doesn't want to be INVOLVED in Kerry Packer's business, he is going for Crown Casino as a complex now, smart man. Let Channel 9 fall by the way side.

As for the all the 'Oh we can't adapt our business... blah blah blah' stuff it. Change your business model or GTFO. Become the media producer and eventually die off. While the director and the advertiser work together. Middlemen is such an antiquated term.

The real problem is Media companies expect too much money from DVD sales.
Ive seen good movies for $10 a DVD.
Why not sell them all for $10 ?

As said earlier if i really like a movie i can go and rent it for $5 and copy it. And they expect ppl to pay $20/$30 ?

You would think Mail Order DVD would be a low overhead business.
I think secretly the big Media companies want a Direct to Consumer DL type business model. Cut out the middle-men like EZYDVD

Heh I actually saw the ad in the Weekend Australian today from their administrators looking for someone to buy their company.

Kimbo you need to put down the crack pipe

I know this has been discussed before but I think it needs repeating.

Household DVD/CD piracy is the norm.

Anyone with a pc and a DVD burner and basic puta skills is pumping out beer coasters like there is no tomorrow.

To hear that EzyDVD has gone broke ..no great surprise there.

They were a good site for checking when stuff was getting released. Very easy to read and had heaps of info on each DVD.

^^ Yeah I used to use them for that as well. I also got a fair few older movies from them that JB didn't have or couldn't get.

I would've thought that the downturn in the last six months would be:

a) July's near parity - ordering through US retailers would've been cheaper

b) Eventual 'omgz financial crisis stop buying material things!!' hysteria


Does Australia even *have* a real, genuine Netflix service that isn't that Telstra s***?

Quickflix.

Quickflix they post DVDs to you, right? Netflix to me is more about online streaming.

I wonder if Hulu will be able to make a business case and if we will ever see it in Aus.

hmm.... I as considering buying an assload of TV series (like 1k worth) a week or two back due to the cainer 2:1 EUR:AUD rate at the moment and was going to buy them from Ezydvd.... not sure if I should now.

^^ why not? If they have them "in stock and ready to ship" I don't see a problem, ones that say order now coming soon etc might be a different story though.

u would get a few f***in tv series for 1k...

The real problem is Media companies expect too much money from DVD sales.

agreed, $30+ for a dvd is just f***in stupid. Especially in this day and age when dvd-r cost like 50c each. Its not like back in the day when they first came out and only 5 ppl had a dvd player and blank dvds where $50 for 10. The companies are complaining about all the warez/ copyright bs, they need to get with the times... it seems that everyone else is and are gettin their movies for free.

All of these businesses being so far in debt is such a surprise to me. If I was that much in debt I would expect to be put in prison.