Wednesday, September 07, 2005

Zip.ca buys VHQ Online

Canada's largest source for online DVD rentals has purchased the assets of its nearest competitor - VHQ Online - in an effort to increase its Canadian marketshare.

Ottawa-based Zip.ca, which recently struck a deal to handle Rogers Vido online rental service, currently rents out about 15,000 discs per day.

Financial terms of the agreement were not disclosed, however, Zip.ca chief executive officer Rick Anderson told the Globe and Mail that the acquisition of VHQ's on-line DVD rental business gives Zip an inventory of 220,000 discs which he says is more than twice the size of any other firm in the country.

According to Onlinedvdrental.ca, a website that monitors DVD rental companies there are over ten firms that specialize in online DVD rental with Zip being far and away the largest. You can find a complete list of the companies that specialize in online DVD rentals at the site.

Via Digital Home Canada

No comments:

Post a Comment