EzyDVD Goes Into Receivership
According to the ABC, EzyDVD has gone into receivership today. They’re hopeful that they’ll be able to save the company from complete destruction, and blame their current predicament on trading losses and lacklustre sales. But I guess that means that we won’t be seeing their digital movie store happening any time soon, if ever. Here’s hoping they manage to stay afloat in these tough economic times - even though they don’t really venture too far below the RRP for their movies, they do have a pretty extensive selection, and their Beat the Bomb sales are always good value…
[ABC]
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Comments
Well that sucks. I’ve been buying off them for the last three or so years.
I hope I don’t have to find a new place to get my entertainment from.
Though that might explain why a number of my pre-orders are suffering from chronic “Distribution Delay”
That sucks, Ezy DVD has a great range of DVDs that I can’t find elsewhere, hopefully they stay afloat.
i thought as much.. when i went in a store the other day it looked like a fire sale. hard to compete with the JB hifi model .. stand by for some bargains then!
j
this sucks, its almost as if its kick me in the nuts week.
I buy all my dvds from them. shut down the stores who cares about them, but keep the website going.
Just cancelled my pre-order… I was wondering why it’s been in “distribution delay” for so long.
Can’t say I’m surprised.
I’ve been a member for several months. I was hoping to find some half-decent deals on Blu-Ray discs, but have yet to see anything cheap enough that I’d buy it.
Wow that sucks. Their stores in no way match the quality of the web offering though - stuff never seems to be in stock, and the organisation of their displays is obscure at best. I vote they should retain the web storefront and ditch the real estate. After all that would maintain their visibility while setting up digital movie distribution for the future.
Yeah, I agree with DDSF. Their retail stores look so bland, sparse and unappealing, I wouldn’t be surprised if the retail side of things is causing them to go under. You can make a store like this appealing without investing too much into fittings, just look at JB…
Jeb mate, fittings cost a fortune plain or otherwise :) Ezydvd cut their own throats. They strangled margins and drove many franchise owner broke or took over their stores at zero cost.
Zarvos sold 50% of his company to Brazen (Sanity/Virgin) around 4-5 years ago and they obviously saw the writing on the wall, because they sold it back to him a couple of years later.
Zavos tried to build an empire too quickly and it failed. The staff turnover in head office was huge. He worked everyone into the ground, and had his family and friends working in positions that they had no experience in, because no-one in the industry would work there.
No wonder they are in this position!
BTW, I found out today, anyone with gift vouchers - they are not being honored!
I found an excellent new site called http://www.classicdvd.com.au.
They are competitive and offer as good a selection of titles.
Try them out-you will be pleasantly surprised.
its true what ezyzavos said, they are not honoring gift vouchers! how pathetic!
thanks for that link brenda, another good one i have used over the years and also carries lots of hard to get import movies is http://www.burn.com.au check them out, their range is much bigger than any other store i know and also join up for their newsletter cos they send out discount coupons from time to time.
The other problem - while they appear to still be trading they are selling but not taking back returns. Once again not fair for the little people.
Also why dont they have to post anything on their website about their “situation”.
My brother bought my partner an ezydvd gift voucher for Christmas on the 18th December (apparently after they knew they were in receivership) and yep, they won’t honour it. Funnily enough they were more than willing to sell me a voucher for any value I liked yesterday (Jan 6th) when I happened to go in and inquire into whether they sell gift vouchers, which the Office of Fair Trading was very interested to hear about.
Bugger on the gift voucher stuff! check out pricecrawler (dvdplaza) for some good link sites. dvdcrave.com.au is having a sale at the moment.
I have been using these guys for ages, sad to hear.
I mostly buy tv series dvd’s, my cousin alerted me to a new site http://www.tvseriesdvd.com.au which I have started using.
This sucks - I got a six-disc boxset from them for Christmas. One of the discs is faulty and they won’t send me another one. They make no mention of their predicament on their website - according to FAQs their returns policy is the same as normal. Complete dishonesty - there were two other boxsets I wanted to buy, but EZY DVD won’t be getting my money now.
to Dee Hibberd,
the receivers in adelaide (ferrier and hodgeson) told consumer affairs, who said on radio that any gift vouchers purchased after december 16 will be honoured by the receiver