Is Video Ezy closing down?

In March 2021 Evolve Entertainment, the company managing Video Ezy’s rental kiosks, entered liquidation. The once dominant business’s fall is attributed largely to the introduction of online streaming services….Video Ezy.

Why did Video Ezy close down?

The main cause of the imminent video kiosk coffin is the lack of Hollywood blockbuster movies being produced and released during 2020’s COVID-19 pandemic.

How many movie rental stores are left?

Over 86% of the 15,300 U.S. stores (specializing in video rentals) open in 2007 were reported to have closed by 2017, bringing the total to approximately 2,140 remaining stores.

How many video rental stores are left in Australia?

It is now estimated there are less than 500 video stores left in Australia.

Where is Video Ezy located in the UAE?

In June 2005, Video Ezy opened its first outlet in the United Arab Emirates at the Ibn Battuta Mall in Dubai. The company planned to open 17 more stores throughout Dubai in the following 10 years.

What happened to Video Ezy?

During that time Video Ezy was made a subsidiary of CarLovers, an Australian car wash business also owned by Berjaya. Berjaya Group eventually divested its stake in the company in 2002 for AUD $12.5 million, selling it to Australian private equity firm CHAMP Ventures.

What kind of movies does Ezy sell?

The company also commenced selling and renting Ezy Exclusive-branded TV series and movies on DVD such as Dinotopia, Kingpin, Will & Grace, Taken, The Believer and other exclusive titles from Hallmark Entertainment and NBC.

How many Video Ezy stores are there?

At its peak in the mid-2000s, Video Ezy had over 500 company-owned and franchised video rental shops in the country, and owned 40% of the Australian video rental market after taking over Blockbuster ‘s Australian operations. The company also expanded internationally into New Zealand and Asia.