Now streaming has killed the video store

Another last picture show as business is forced to close

Friday, 4th March 2016 — By William McLennan

A VIDEO rental store that is believed to be the last in Camden is to close as it becomes the latest victim of online film streaming. Channel Films in Kentish Town Road has specialised in foreign language and cult films for more than 15 years, but it is now selling off all its stock in the face of dwindling rentals. Guntar Krasts, who manages the store, said that they had been able to survive the rise of Netflix, which boomed in popularity after it began to commission original series such as House of Cards in 2013, but that the introduction of Amazon’s streaming service had been the final nail in the coffin. He said: “Netflix didn’t do too much harm, but then Amazon introduced their online viewing. Then, down to the low attendance, we decided to sell our soul to Amazon and we’re selling our most expensive films on there.” Mr Krasts said that, despite Channel Films having a membership list of 26,000, the number of customers dramatically dropped off in the past six months, falling to just three a day. Mr Krasts said that the loss of DVD rental stores meant some parts of society could no longer access films – beyond the limited selection on offer at council libraries. He said: “I think we’re the last one in Camden, maybe London. Now older people wouldn’t know where to get films. Lots of people are computer illiterate and now they are cut off from renting films. We’d also suggest films to people – take this, don’t take that. We would advise people, because we wanted them to have satisfaction. After watching a good film you are buzzing for the whole day. I don’t think Amazon care about that.” Mr Krasts said that they would tailor the nature of Camden with the genre of films they offered, adding: “People are well educated. They have a good knowledge of the film industry and we tried to reflect that.” He said collectors’ items and box sets had sold on Amazon for as much as £200, while less sought-after titles were being sold in store at reduced prices. A collection of memorabilia, built up over more than a decade, is also on sale, with movie posters such as Requiem for a Dream going for £100 a piece. Channel Films once had a handful branches across London, with stores in Maida Vale and Ladbroke Grove both closing in the past two years. The store is expected to close in the next few months when the majority of stock is sold.

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