Blockbuster and Videoezy stores are franchises. These guys must be the master franchisor which means they have sold off individual stores to mum and dad business' for $250k+ a pop. While the individual stores are going bust these guys are laughing. The master franchise would no doubt be the ones who source all of their content which means their connections would be of equal if not better to those of Langsford and team. You only need to look at their content on ezyDvd.com.au to see that these guys are no amateurs.
The race in this industry is well andmtruly on. Whoever can convert their existing DVD library onto streaming first wins. It is interesting that their GM is one Craig White for Director of Sales at 20th century fox.
QFX appear to be running on the smell of an old rag whereas thesese new comers are likely to be cashed up in the tens of millions.
Intersting times lay ahead I hope QFX can pull the trigger so we see a tsunami of streaming content
QFX Price at posting:
1.4¢ Sentiment: None Disclosure: Held