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In August 1995, Hollywood Entertainment purchased the 42-store Video Watch chain in the mid-western United States for $59 million (~$108 million in 2023). Video Watch was the last of four video rental chains that had been targeted by Hollywood Entertainment for purchase.
Nov 9, 2020 · After nearly being purchased by main rival, Blockbuster Video, Movie Gallery stepped in and purchased Hollywood Video in 2005 for over 1 billion dollars total - including debt acquisition ...
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In August 1995, Hollywood Entertainment purchased the 42-store Video Watch chain in the mid-western United States for $59 million (~$ 108 million in 2023). Video Watch was the last of four video rental chains that had been targeted by Hollywood Entertainment for purchase.
As it had in the previous year, Hollywood brought in funds through another equity offer, its fourth and largest to date, totalling $95.4 million, which in turn made possible its next purchase. In August the company acquired the Midwest-based Video Watch, which oversaw 42 stores.
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