BUSINESS NEWS

Why Family Video is Going Out of Business in Next 2 Years

Pinterest LinkedIn Tumblr

After passing by the neighborhood Family Video store almost every day for the last 2 years, I just had to ask myself; “is Family Video going out of business?”

Based off of my own observation, I would have to say that due to the extreme lack of traffic that Family Video is receiving, yes, my neighborhood Family Video stores like many other Family Video stores across the country, will one day very soon go out of business.

What do You Think the Reason is for Family Video’s Lack of Traffic?

There are many factors that lead to the reason for my neighborhood Family Video’s lack of traffic. One factor that stands out to me is the bootleg DVD guy who sits in a rusty van at Marathon gas stations across the so-called United States. In the beginning of Family Video’s not-so-obvious decline, for a while there the bootleg DVD guy who sits is in the Marathon gas station parking lot at night was who everyone went to in order to cure the woes of extreme expensive cable prices and movie theatre tickets. Heck, I even used to be the bootleg dvd guy. I made good money in those parking lots. I would spend 24 plus waking hours downloading and burning movies. Shareaza and Limewire were some of my most cherished tools. Since then though, more people have begun to seek out their television-entertainment on the world web via streaming. That’s why we now have this paid streaming boom coming from services such as Amazon Prime Movies, Netflix, Hulu, and even smartphone apps such as popcorn time, showbox, and terrarium that would give one 100% free video-on-demand access to the latest movies and TV shows that you would usually only have access to via paid subscription. Then you have YouTube, the second most searched website on the face of the earth. These are just some of the things that are causing Family Video to lose the type traffic and revenue that is surely going to lead to them going out of business. But the main thing I think that is currently putting a strong grip on the gonads of Family Video is the fact that many people across the world have now begun to opt in to IPTV for their visual home-entertainment purposes. Even you yourself cannot deny the extremely high prices for cable subscriptions from companies such as Comcast and Time Warner. People all across the world have become mighty tired of paying hundreds of dollars of their hard-earned money every month for a bundled cable package that never saves them the money the cable guy (cable company) claims it will. They actually end up spending more than what they were told they were going to spend, hence IPTV.

What is Video-On-Demand?

According to Wikipedia, Video on-demand is a programming system that allows users to select and watch/listen to video or audio content such as movies and TV shows whenever they choose, rather than at a scheduled broadcast time, the method that prevailed with over-the-air programming during the 20th century. I am just one of the many people who prefer video-on-demand above traditional scheduled programming. There is nothing like binge-watching 10 straight seasons of Supernatural whenever you feel like it. Even streaming services such as Netflix recognize the ever-growing trend, as they publish whole 12 to 13-episode seasons of a series without any regard for the phrase “Stay tuned for next week’s previews.”

(Visited 158 times, 1 visits today)
1 2 3
JudahSon

Chief Content Creator and Trustee for Put It Out There TV. A creative with many ideas, looking to bring them into fruition.

Write A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pin It