Indie retailers eye new technologies
FROM VSDA: Digital downloads could benefit stores, says panel
By Jennifer Netherby 7/12/2006
JULY 12 | LAS VEGAS—Independent retailers ahead of the tech curve predicted in a Tuesday panel that digital downloads and other new technologies could be a good thing for the corner video store.
Retailers crowded in for the Tuesday morning “Alternative Delivery Methods: Competition? Opportunity!” IDEA panel, which gave an overview of new technologies such as:
• Wi-Max: Similar to MovieBeam’s model, Wi-Max would allow stores to send digital copies of movies to customers within a six- to eight-mile range who have a compatible set-top box. Retailers would buy an antenna (for roughly $10,000) to receive digital movie copies from distributors or studios, which they would then beam to customers.
• Movie Downloads: In the next few years, as telcos add fiber optic lines to homes, increasing bandwidth and allowing consumers faster download speeds, digital movie downloads will become a more popular option for consumers, panelists said. IDEA is working on a movie download backbone for its member retailers that would possibly allow them to sell movie downloads to customers.
• Online sales and rentals: IDEA also is working on a technological backbone to allow its members to offer DVD rentals and purchases online similar to Netflix.
IDEA chair Jim Loperfido said a recent retailer survey found that while 61% of retailers have a Web site for their store, only 16% sell DVDs online and only 8% offer rentals online.
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