Video Ezy takeover of Blockbuster gets green light
Wednesday, September 19, 2007/
Video Ezy Australasia’s planned takeover of rival franchised video chain Blockbuster Australia has won the competition regulator’s go-ahead.
After six months of deliberation, the ACCC accepted undertakings from Video Ezy and let the deal go through. The combined business will have 900 franchisees and 40% of the country’s video stores.
Video Ezy has agreed not to seek exclusive arrangements for particular titles from film distributors and it will provide training to its franchisees on their competition obligations.
Under the proposed acquisition, Video Ezy will acquire all of the shares in Blockbuster and enter into a master franchise agreement with Blockbuster Inc (the global headquarters of Blockbuster is listed on the New York Stock Exchange) for 10 years with the possibility of renewal for a further 10 years.
Post-acquisition, Video Ezy will operate the Blockbuster brand of stores separately from the Video Ezy stores.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder