Netflix launched its streaming service in Canada in 2010, and now owns a big chunk of the $1 billion Canadian video rental market. Redbox has also been growing in The Great White North, and together the rental titans are expected to account for more than half the Canadian market by 2016.
Netflix currently owns about 30 percent of the Canadian market, while Redbox accounts for about 8 percent, according to Convergence Consulting Group (CCG).
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Redbox has about 1,350 kiosks in Canada, and rents movies at slightly higher prices there than it does in most of the U.S. Redbox also doesn’t rent video games.
With the imminent demise of Best Buy and Ottawa-based Zip.ca kiosk disc businesses, Netflix and Redbox are projected to snap up even more market share.
Going forward, do you think most of Redbox and Netflix’s growth is going to come from outside the U.S.?
[via Home Media Magazine]
NetFlix has it made. All they need to do is just keep doing what they are doing.
RedBox… They need to do something soon. And make it good. if they don’t. They may go the Block Buster road… It can happen.
RedBox is losing ground.. And fast…
And they are getting worse.. And with the price hike they are talking about.
And closing more then 500 Kiosks..
Things can go south for them fast….
They are taking a big wright off this Qr. From closing the streaming deal.
And that’s going to hit them.. Even if most of it is a tax wright off.